Select Medical's (SEM) Stock Down 16.9% Despite Q2 Earnings Beat
Select Medical(SEM) ZACKS·2024-08-07 02:20
Select Medical Holdings Corporation's (SEM) stock lost 16.9% since it reported second-quarter 2024 results on Aug 1, 2024. Although it beat estimates thanks to improving patient days in the Critical Illness Recovery and Rehabilitation units, investors might have been worried about an elevated expense level and declining visits in the Concentra unit. SEM reported second-quarter 2024 adjusted earnings per share (EPS) of 60 cents, which surpassed the Zacks Consensus Estimate by 1.7%. However, the bottom line d ...