Encompass Health (US:EHC) ZACKSยท2024-08-30 17:01Core Viewpoint - Encompass Health (EHC) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive earnings outlook that may lead to increased stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system is based on changes in earnings estimates, which are strongly correlated with stock price movements [4][6]. - Rising earnings estimates for Encompass Health suggest an improvement in the company's underlying business, likely resulting in higher stock prices [5][10]. Earnings Estimate Revisions - For the fiscal year ending December 2024, Encompass Health is expected to earn $4.16 per share, reflecting a 14.3% increase from the previous year [8]. - Over the past three months, the Zacks Consensus Estimate for Encompass Health has increased by 1.5% [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with only the top 20% receiving a 'Strong Buy' or 'Buy' rating [9][10]. - Encompass Health's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating strong potential for market-beating returns [10].