US Physical Therapy Q1 revenue rises but misses estimates

US Physical Therapy

06/05/2026 22:47

Overview

US physical therapy clinic operator's Q1 revenue rose 7.9% yr/yr but missed analyst expectations

Company posted Q1 net loss per share, compared to profit in prior-year period

Management reaffirmed full-year adjusted EBITDA guidance, citing hospital alliances and Medicare rate increase

Outlook

Company reaffirms 2026 adjusted EBITDA guidance of $102 mln to $106 mln

2026 guidance includes partial-year impact of Medicare rate increase and new hospital affiliations

Hospital alliances expected to be accretive to revenue, EBITDA, and margins as integration ramps up

Result Drivers

PATIENT VOLUME - Co said Q1 physical therapy revenue rose 7.2% yr/yr, driven by a 6.9% increase in patient visits and new clinic additions

IIP SEGMENT GROWTH - Industrial injury prevention revenue rose 11.8% yr/yr, with an 8.2% same-store increase

TECHNOLOGY AND PROGRAM INITIATIVES - Co cited rollout of ambient-listening technology, remote therapeutic monitoring, and cash-based program expansion as ongoing operational initiatives

Company press release: ID:nBw7HR2v2a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$198.30 mln
$201.007 mln (7 Analysts)
Q1 EPS
-$0.12


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the healthcare facilities & services peer group is "buy"

Wall Street's median 12-month price target for US Physical Therapy Inc is $102.50, about 39.2% above its May 6 closing price of $73.65

The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 28 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)