Enhabit Q4 2023 Adj EPS $0.060 Beats $0.030 Estimate, Sales $260.600M Beat $260.162M Estimate
Portfolio Pulse from Benzinga Newsdesk
Enhabit (NYSE:EHAB) reported Q4 2023 adjusted EPS of $0.060, surpassing the $0.030 estimate, and sales of $260.600M, slightly above the $260.162M estimate. However, this represents a 64.71% decrease in EPS and a 5.27% decrease in sales from the same period last year.
March 06, 2024 | 9:17 pm
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Enhabit reported a significant beat on both EPS and sales estimates for Q4 2023, but with a notable year-over-year decline in both metrics.
Beating EPS and sales estimates typically has a positive short-term impact on a company's stock price. However, the significant year-over-year declines in both earnings and sales may temper investor enthusiasm, suggesting a cautious optimism.
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