Surgery Partners Inc reports results for the quarter ended in June - Earnings Summary

Surgery Partners

06/08/2024 14:31

* Surgery Partners Inc  SGRY.OQ  reported quarterly adjusted
earnings of 21 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of 28 cents.  The mean expectation of twelve analysts for
the quarter was for earnings of 20 cents per share. Wall Street
expected results to range from 12 cents to 22 cents per share.
    * Revenue rose 14.2% to $762.10 million from a year ago;
analysts
expected $735.57 million. 
    * Surgery Partners Inc's reported EPS for the quarter was a
loss
of 12 cents​.
    * The company reported a quarterly loss of $15.5 million.
    * Surgery Partners Inc shares had risen by 20.7% this
quarter and
lost 10.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.1%
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 10 "strong buy" or "buy," 2
"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 Surgery Partners
Inc is $38.00 
This summary was machine generated from LSEG data August 6 at
01:31 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
 Jun. 30 2024      0.20           0.21           Beat
 Mar. 31 2024      0.07           0.10           Beat
 Dec. 31 2023      0.38           0.44           Beat
 Sep. 30 2023      0.16           0.19           Beat