Encompass Health (EHC) Stock Down Despite Q1 Earnings Beat
EHCEncompass Health (EHC) Zacks Investment Research·2024-04-30 01:10

Encompass Health Corporation (EHC) shares lost 0.4% since it reported first-quarter 2024 results on Apr 24. Although it beat estimates thanks to rising patient revenue, strong discharges and a robust pipeline for bed additions. Investors might be concerned regarding elevated operating expenses despite cost control measures undertaken by the company. EHC reported first-quarter 2024 adjusted earnings per share (EPS) of $1.12, which outpaced the Zacks Consensus Estimate by 20.4%. The bottom line rose 27.3% yea ...