Enhabit Q2 2024 Adj. EPS $0.07 Beats $0.05 Estimate, Sales $260.600M Miss $267.234M Estimate
Portfolio Pulse from Benzinga Newsdesk
Enhabit (NYSE:EHAB) reported Q2 2024 adjusted EPS of $0.07, beating the analyst estimate of $0.05 by 40%. However, sales of $260.6 million missed the $267.234 million estimate by 2.48%, and decreased by 0.65% compared to the same period last year.
August 06, 2024 | 8:58 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Enhabit (NYSE:EHAB) reported Q2 2024 adjusted EPS of $0.07, beating the analyst estimate of $0.05 by 40%. However, sales of $260.6 million missed the $267.234 million estimate by 2.48%, and decreased by 0.65% compared to the same period last year.
The earnings beat is a positive sign, indicating better-than-expected profitability. However, the sales miss and year-over-year decline in revenue are concerning. These mixed results are likely to result in a neutral short-term impact on the stock price as investors weigh the positive EPS against the negative sales performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100