Stock Track | Encompass Health Soars After Stellar Q3 Earnings Beat, Bullish Analyst Reactions

Stock Track

Oct 29, 2024

Shares of Encompass Health Corporation (EHC) surged 6.79% on Monday morning after the healthcare services provider reported strong third-quarter earnings that topped Wall Street expectations, leading to a wave of positive analyst reactions.

For the quarter ended September 30, Encompass Health posted adjusted earnings per share of $1.03, higher than the analyst consensus estimate of $0.94. Revenue climbed 11.9% year-over-year to $1.35 billion, also exceeding forecasts of $1.33 billion. The company reported net income of $108.2 million for the quarter.

Following the earnings beat, Barclays raised its price target on EHC to $116 from $109 while maintaining an Overweight rating on the stock. Keybanc also reiterated an Overweight rating on Encompass Health. Analysts cited the company's solid financial performance and bright growth prospects as reasons for their bullish views.

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Revenue climbed 11.9% year-over-year to $1.35 billion, also exceeding forecasts of $1.33 billion. The company reported net income of $108.2 million for the quarter.</p>\n\n<p>Following the earnings beat, Barclays raised its price target on EHC to $116 from $109 while maintaining an Overweight rating on the stock. Keybanc also reiterated an Overweight rating on Encompass Health. Analysts cited the company's solid financial performance and bright growth prospects as reasons for their bullish views.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"EHC","symbol_name":"Encompass Health Corporation","start_time":0,"source_url":"","article_id":"1157623529","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1157623529","pubTimestamp":1730208795,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Encompass Health Corporation  surged 6.79% on Monday morning after the healthcare services provider reported strong third-quarter earnings that topped Wall Street expectations, leading to a wave of positive analyst reactions.For the quarter ended September 30, Encompass Health posted adjusted earnings per share of $1.03, higher than the analyst consensus estimate of $0.94. Revenue climbed 11.9% year-over-year to $1.35 billion, also exceeding forecasts of $1.33 billion. The company repo","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"EHC":"Encompass Health Corporation"},"translate_title":"在第三季度盈利出色、分析师反应看涨后，Encompass Health股票赛道飙升","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EHC":1},"content_text":"Shares of Encompass Health Corporation (EHC) surged 6.79% on Monday morning after the healthcare services provider reported strong third-quarter earnings that topped Wall Street expectations, leading to a wave of positive analyst reactions.\nFor the quarter ended September 30, Encompass Health posted adjusted earnings per share of $1.03, higher than the analyst consensus estimate of $0.94. Revenue climbed 11.9% year-over-year to $1.35 billion, also exceeding forecasts of $1.33 billion. 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