Universal Health Services Beats Q1 Revenue and EPS Estimates on Strong Hospital Segment Performance
UHS sits 22% above its 52-week low of $152.328.
Summary
Universal Health Services reported strong Q1 results, with revenue of $4.50 billion and adjusted EPS of $5.62, both surpassing analyst consensus estimates of $4.39 billion and $5.41, respectively. The company also repurchased $127.3 million in stock during the quarter. This positive earnings report follows recent news of the company expanding its senior secured credit facility by $900 million on April 24th. The beat was driven by robust performance across both acute care and behavioral health segments, showing increased net revenue per adjusted admission and patient days, which is a material positive for the stock. While no specific guidance was provided, traders will look for continued operational strength in future reports.
At the time of this announcement, UHS was trading at $186.00 on NYSE in the Life Sciences sector, with a market capitalization of approximately $11B. The 52-week trading range was $152.33 to $246.33. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.