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U.S. Physical Therapy (USPH) Q3 Earnings and Revenues Top Estimates
USPHU.S. Physical Therapy(USPH) ZACKS·2024-11-06 00:30

Core Viewpoint - U.S. Physical Therapy (USPH) reported quarterly earnings of 0.69pershare,exceedingtheZacksConsensusEstimateof0.69 per share, exceeding the Zacks Consensus Estimate of 0.68 per share, and showing an increase from 0.62pershareayearago,indicatingapositiveearningssurpriseof1.470.62 per share a year ago, indicating a positive earnings surprise of 1.47% [1] Financial Performance - The company achieved revenues of 168.03 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 2.48%, and up from 150.01millionyear−over−year[2]−Overthelastfourquarters,U.S.PhysicalTherapyhasexceededconsensusrevenueestimatesfourtimes[2]StockPerformanceandOutlook−U.S.PhysicalTherapyshareshavedeclinedapproximately11.1150.01 million year-over-year [2] - Over the last four quarters, U.S. Physical Therapy has exceeded consensus revenue estimates four times [2] Stock Performance and Outlook - U.S. Physical Therapy shares have declined approximately 11.1% since the beginning of the year, contrasting with the S&P 500's gain of 19.8% [3] - The company's future stock performance will largely depend on management's commentary during the earnings call and the trends in earnings estimate revisions [3][4] Earnings Estimates - The current consensus EPS estimate for the upcoming quarter is 0.71 on revenues of 172.98million,andforthecurrentfiscalyear,itis172.98 million, and for the current fiscal year, it is 2.58 on revenues of $659.78 million [7] - The estimate revisions trend for U.S. Physical Therapy is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Medical - Outpatient and Home Healthcare industry, to which U.S. Physical Therapy belongs, is currently ranked in the top 17% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]