Select Medical Hldgs Q1 2024 Adj EPS $0.77 Beats $0.57 Estimate, Sales $1.789B Beat $1.738B Estimate
Portfolio Pulse from Benzinga Newsdesk
Select Medical Holdings (SEM) reported Q1 2024 earnings of $0.77 per share, surpassing the consensus estimate of $0.57 by 35.09%. Sales reached $1.789 billion, exceeding estimates of $1.738 billion by 2.91% and marking a 7.45% increase from the previous year.
May 02, 2024 | 10:05 pm
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Select Medical Holdings reported a strong Q1 2024 performance with earnings and sales surpassing analyst estimates, indicating robust financial health and operational efficiency.
The significant beat on both earnings per share (EPS) and sales compared to analyst estimates typically leads to positive investor sentiment and could result in a short-term uptick in SEM's stock price. The outperformance is a strong indicator of the company's operational efficiency and market position, likely boosting investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100