Enhabit Q1 Adj $0.07 Beats $0.04 Estimate, Sales $262.40M Miss $267.93M Estimate
Portfolio Pulse from Benzinga Newsdesk
Enhabit (NYSE:EHAB) reported Q1 adjusted earnings of $0.07 per share, surpassing the $0.04 estimate, but its sales of $262.40M fell short of the $267.93M forecast. This reflects a 22.22% decrease in earnings and a 1.02% decrease in sales from the same period last year.
May 08, 2024 | 8:15 pm
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Enhabit reported a mixed Q1 with earnings beating estimates but sales missing expectations, indicating a decrease in both earnings and sales YOY.
The mixed results with earnings exceeding expectations could provide some positive sentiment, but the miss on sales and the year-over-year declines in both earnings and sales could temper investor enthusiasm. The overall impact is likely to be neutral in the short term as investors weigh the positives against the negatives.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90