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Surgery Partners (SGRY) Misses Q3 Earnings Estimates
SGRYSurgery Partners(SGRY) ZACKS·2024-11-12 14:56

Group 1 - Surgery Partners reported quarterly earnings of 0.19pershare,missingtheZacksConsensusEstimateof0.19 per share, missing the Zacks Consensus Estimate of 0.25 per share, representing an earnings surprise of -24% [1] - The company posted revenues of 770.4millionforthequarterendedSeptember2024,surpassingtheZacksConsensusEstimateby0.17770.4 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 0.17%, compared to year-ago revenues of 674.1 million [2] - Over the last four quarters, Surgery Partners has surpassed consensus EPS estimates two times and topped consensus revenue estimates three times [2] Group 2 - The stock has underperformed the market, losing about 1.8% since the beginning of the year, while the S&P 500 gained 25.8% [3] - The current consensus EPS estimate for the coming quarter is 0.50onrevenuesof0.50 on revenues of 834.38 million, and for the current fiscal year, it is 1.07onrevenuesof1.07 on revenues of 3.08 billion [7] - The Zacks Industry Rank indicates that the Medical Services sector is currently in the bottom 45% of over 250 Zacks industries, which may impact stock performance [8]