Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Surgery Partners Inc. (SGRY)
:SGRY
Holding SGRY?
Track your performance easily
Earnings Data
Report Date
Mar 03, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.38Last Year’s EPS
0.44Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 07, 2018
|% Change Since: -35.76%
|Next Earnings Date:Aug 09, 2018
Earnings Call Sentiment|Positive
The earnings call for Surgery Partners highlighted strong financial performance with significant revenue and EBITDA growth, successful physician recruitment, and strategic M&A activity. However, challenges such as the impact of hurricanes on operations and higher transaction costs affecting cash flow were noted. The overall sentiment is positive due to the strong growth metrics and strategic achievements outweighing the challenges.Company Guidance
In the third quarter of 2024, Surgery Partners reported strong financial results, with net revenue reaching $770 million, marking a growth of over 14% from the previous year. The company achieved an adjusted EBITDA of $128.6 million, reflecting a 22% increase and a margin expansion to 16.7%. Despite challenges such as Hurricanes Helene and Milton, which caused some operational disruptions, the company continued to see robust growth in surgical case volumes, particularly in total joint replacements, which surged by 53%. The company's M&A activity included the deployment of $24 million across five transactions, further expanding its footprint in strategic markets. Full-year projections remained strong, with anticipated net revenue exceeding $3.075 billion and adjusted EBITDA surpassing $508 million, indicating growth rates of at least 13% and 16%, respectively, compared to the previous year.Significant Revenue Growth
Net revenue of $770 million, representing growth of greater than 14% over the prior year quarter. Adjusted EBITDA grew 22% to $128.6 million with a margin of 16.7%, expanding 100 basis points compared to the prior year quarter.
Increase in Total Joint Replacements
Total joint replacements in ASCs increased 53% in the quarter, with a 5-year CAGR greater than 80%.
Strong Physician Recruitment
Over 230 new physicians started utilizing facilities in the third quarter, bringing total recruits for the first 3 quarters of the year to just over 640.
M&A Expansion in Key Markets
Deployed $24 million on five end market transactions, including acquisitions in New York, Texas, and Chicago, with a focus on high-growth markets.
Solid Cash Position and Liquidity
Ended the quarter with $222 million in cash and over $815 million in total liquidity.
---
SGRY 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
---
SGRY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $31.43 | $29.57 | -5.92% |
| Aug 06, 2024 | $28.72 | $29.64 | +3.20% |
| May 07, 2024 | $25.60 | $27.77 | +8.48% |
| Feb 26, 2024 | $33.04 | $30.20 | -8.60% |
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.
---
FAQ
When does Surgery Partners Inc. (SGRY) report earnings?
Surgery Partners Inc. (SGRY) is schdueled to report earning on Mar 03, 2025, TBA Not Confirmed.
What is Surgery Partners Inc. (SGRY) earnings time?
Surgery Partners Inc. (SGRY) earnings time is at Mar 03, 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 SGRY EPS forecast?
SGRY EPS forecast for the fiscal quarter 2024 (Q4) is 0.38.
---