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This new facility is part of EHC's continued strategy to meet the rising demand for rehabilitative services.
The 39-bed inpatient rehabilitation hospital is Encompass Health's 165th hospital. BIRMINGHAM, Ala.
To meet the increasing demand for its services, EHC is expected to continue adding beds.
Encompass Health (EHC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
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Encompass Health's (EHC) Q2 results reflect improved net patient revenue per discharge, partly offset by higher costs. It currently estimates 2024 adjusted EPS within $3.97-$4.22, up from the earlier view of $3.86-$4.11.
Although the revenue and EPS for Encompass Health (EHC) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Encompass Health (EHC) came out with quarterly earnings of $1.11 per share, beating the Zacks Consensus Estimate of $1.01 per share. This compares to earnings of $0.95 per share a year ago.