Select Medical Holdings Corporation
) unveiled its financial guidance for 2014. It expects earnings
per share (EPS) in 2014 to lie between 84 cents and 93 cents
whereas net operating revenue is expected to range within $3.05
billion-$3.15 billion. The Zacks Consensus Estimate for 2014
earnings is currently pegged at 93 cents a share which coincides
with the upper end of the guidance issued by the company. Also,
the Zacks Consensus Estimate for 2014 net operating revenue is
$3.05 billion, which lies at the lower-end of the guidance range.
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Select Medical also expects to deliver adjusted earnings before
interest, tax depreciation and amortization (EBITDA) in the range
of $465 million-$485 million in 2014.
Previously, along with its third-quarter 2013 earnings release,
Select Medical had reiterated its previously provided 2013
revenue and earnings guidance. In fiscal 2013, revenue expected
to range between $2.93 billion and $3.03 billion. The Zacks
Consensus Estimate for 2013 of $2.97 billion lies within the
Select Medical expects its 2013 earnings per share to lie between
78 cents and 85 cents, which is well below the Zacks Consensus
Estimate of 90 cents a share for 2013.
With respect to earnings performance, Select Medical delivered
only one positive earnings surprise in its last three reported
quarters. We wait to see how the company fares when it reports
its fourth-quarter and full-year 2013 results.
Select Medical presently carries a Zacks Rank #3 (Hold).
Among others in the Hospital industry,
UnitedHealth Group Inc.
) expects 2014 earnings in the range of $5.40-$5.60 per share,
which stands below the Zacks Consensus Estimate of $5.66 per
U.S. health insurer
) expects its 2014 earnings per share to be at least $6.25,
higher than the Zacks Consensus Estimate of $6.21.
In Nov 2013,
) also declared its earnings guidance for 2014. In 2014, earnings
per share is expected to be in the range of $7.25 to $7.75 owing
to strong performance in the existing operations.