U.S. Physical Therapy (USPH) Lags Q2 Earnings Estimates

Core Viewpoint - U.S. Physical Therapy (USPH) reported quarterly earnings of $0.73 per share, missing the Zacks Consensus Estimate of $0.81 per share, and showing a decrease from $0.76 per share a year ago, indicating a -9.88% earnings surprise [1] Financial Performance - The company posted revenues of $167.19 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 3.12%, compared to $151.49 million in the same quarter last year [2] - Over the last four quarters, U.S. Physical Therapy has exceeded consensus revenue estimates four times [2] Stock Performance - U.S. Physical Therapy shares have declined approximately 6% since the beginning of the year, while the S&P 500 has gained 12.1% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.75 on revenues of $161.43 million, and for the current fiscal year, it is $2.84 on revenues of $644.51 million [7] - The estimate revisions trend for U.S. Physical Therapy is mixed, and changes in earnings expectations may occur following the recent earnings report [6] Industry Context - The Medical - Outpatient and Home Healthcare industry, to which U.S. Physical Therapy belongs, is currently ranked in the top 17% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]