Option Care(US:OPCH) ZACKS·2024-10-30 13:20Group 1: Earnings Performance - Option Care reported quarterly earnings of $0.41 per share, exceeding the Zacks Consensus Estimate of $0.31 per share, and up from $0.31 per share a year ago, representing an earnings surprise of 32.26% [1] - The company posted revenues of $1.28 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 4.69%, compared to year-ago revenues of $1.09 billion [2] - Over the last four quarters, Option Care has consistently surpassed consensus EPS estimates [2] Group 2: Stock Performance and Outlook - Option Care shares have declined approximately 9.5% since the beginning of the year, while the S&P 500 has gained 22.3% [3] - The current consensus EPS estimate for the upcoming quarter is $0.35 on revenues of $1.25 billion, and for the current fiscal year, it is $1.22 on revenues of $4.84 billion [7] - The estimate revisions trend for Option Care is currently unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] Group 3: Industry Context - The Medical - Outpatient and Home Healthcare industry, to which Option Care belongs, is currently ranked in the top 12% of over 250 Zacks industries, suggesting a favorable industry outlook [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]