Select Medical Holdings Corp reports results for the quarter ended in March - Earnings Summary

Select Medical Holdings

03/05/2024 24:36

* Select Medical Holdings Corp  SEM.N  reported quarterly
adjusted
earnings of 75 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of 56 cents.  The mean expectation of four analysts
for the quarter was for earnings of 57 cents per share. Wall
Street expected results to range from 57 cents to 58 cents per
share.
    * Revenue rose 7.4% to $1.79 billion from a year ago;
analysts
expected $1.74 billion. 
    * Select Medical Holdings Corp's reported EPS for the
quarter was
75 cents​.
    * The company reported quarterly net income of $96.9
million.
    * Select Medical Holdings Corp shares had fallen by 7.2%
this
quarter and gained 19.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the healthcare
facilities & services peer group is also "buy"

Wall Street's median 12-month price target for Select Medical
Holdings Corp is $36.00 
This summary was machine generated from LSEG data May 2 at 11:36
p.m. UTC. ​All figures in US dollars unless otherwise stated.
(For questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      0.58           0.75           Beat
 Dec. 31 2023      0.36           0.36           Met
 Sep. 30 2023      0.41           0.46           Beat
 Jun. 30 2023      0.48           0.61           Beat