AdaptHealth Corp. (AHCO) Surpasses Q3 Earnings Estimates

Core Viewpoint - AdaptHealth Corp. reported quarterly earnings of $0.21 per share, exceeding the Zacks Consensus Estimate of$0.20 per share, and showing an increase from $0.19 per share a year ago, indicating a 5$805.86 million for the quarter ended September 2024, slightly missing the Zacks Consensus Estimate by 0.35%, but showing a year-over-year increase from $804.03 million [2] Financial Performance - Over the last four quarters, AdaptHealth has surpassed consensus EPS estimates three times, demonstrating a consistent performance trend [2] - The company has also topped consensus revenue estimates three times in the last four quarters, indicating strong revenue management [2] Stock Performance - Since the beginning of the year, AdaptHealth shares have increased by approximately 39.2$0.38 on revenues of $866.36 million, and for the current fiscal year, it is$1 on revenues of $3.27 billion [7] Industry Outlook - The Medical - Products industry, to which AdaptHealth belongs, is currently ranked in the top 33% 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 could impact AdaptHealth's stock performance [5]