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Encompass Health (EHC)
NYSE:EHC
Holding EHC?
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.03Last Year’s EPS
$0.95Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 28, 2024
|% Change Since: 1.46%
|Next Earnings Date:Feb 05, 2025
Earnings Call Sentiment|Positive
The earnings call reflected strong financial performance with significant revenue and EBITDA growth, increased guidance, and strategic expansions. However, challenges such as the impact of hurricanes, difficulties with Medicare's RCD, and increased labor costs were noted. Overall, the positive performance metrics outweigh the challenges.Company Guidance
During Encompass Health's third quarter 2024 earnings call, the company announced a 2024 guidance update, reflecting strong performance in Q3. Revenue increased by 11.9% to $1.35 billion, and adjusted EBITDA rose by 13.4% to $269.3 million. Total discharges grew by 8.8%, with same-store discharges up by 6.8%. The payer mix saw Medicare discharges increase by 8.8% and Medicare Advantage discharges by 12.6%. The company raised its full-year 2024 guidance, now anticipating net operating revenue between $5.325 billion and $5.375 billion, adjusted EBITDA between $1.07 billion and $1.09 billion, and adjusted earnings per share ranging from $4.19 to $4.33. Additional metrics noted include a 2.5% increase in net revenue per discharge and a decrease in bad debt expense to 1.9% of revenue. The company also reported significant free cash flow of $189.7 million for the quarter, bringing the year-to-date total to approximately $0.5 billion.Strong Revenue and EBITDA Growth
Q3 2024 saw revenue increase by 11.9% to $1.35 billion and adjusted EBITDA increase by 13.4% to $269.3 million.
Increase in Discharges and Same-Store Growth
Total discharges increased by 8.8%, with same-store discharges up 6.8%. Neurological and stroke conditions grew by 9% and 9.7%, respectively.
Guidance Increase for 2024
Encompass Health increased 2024 guidance with expected revenue of $5.325 billion to $5.375 billion and adjusted EBITDA of $1.07 billion to $1.09 billion.
Expansion and Prefabrication Strategy
99 beds were added during Q3, including two de novo hospitals. The Houston project, a fully prefabricated hospital, marks a significant milestone in construction strategy.
Reduced Bad Debt Expense
Bad debt expense as a percent of revenue was reduced to 1.9%, down 30 basis points from Q3 '23.
Strong Free Cash Flow and Low Leverage
Adjusted free cash flow increased by 27.1% to $189.7 million with net leverage at 2.3x.
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EHC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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EHC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 28, 2024 | $93.09 | $100.00 | +7.42% |
| Aug 05, 2024 | $89.51 | $84.53 | -5.56% |
| Apr 24, 2024 | $82.51 | $82.44 | -0.08% |
| Feb 07, 2024 | $72.36 | $73.05 | +0.95% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Encompass Health (EHC) report earnings?
Encompass Health (EHC) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Encompass Health (EHC) earnings time?
Encompass Health (EHC) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EHC EPS forecast?
EHC EPS forecast for the fiscal quarter 2024 (Q4) is $1.03.
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