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

Surgery Partners

07/05/2024 14:31

* Surgery Partners Inc  SGRY.OQ  reported quarterly adjusted
earnings of 10 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of 8 cents.  The mean expectation of
eleven analysts for the quarter was for earnings of 7 cents per
share. Wall Street expected results to range from 2 cents to 12
cents per share.
    * Revenue rose 7.7% to $717.40 million from a year ago;
analysts
expected $698.23 million. 
    * Surgery Partners Inc's reported EPS for the quarter was a
loss
of 10 cents​.
    * The company reported a quarterly loss of $12.4 million.
    * Surgery Partners Inc shares had fallen by 14.2% this
quarter and
lost 20.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 40.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "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 $43.00 
This summary was machine generated from LSEG data May 7 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
 Mar. 31 2024      0.07           0.10           Beat
 Dec. 31 2023      0.38           0.44           Beat
 Sep. 30 2023      0.16           0.19           Beat
 Jun. 30 2023      0.08           0.28           Beat