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U.S. Physical Therapy (USPH) Soars 3.6%: Is Further Upside Left in the Stock?

Zacks Equity Research
·2-min read

U.S. Physical Therapy USPH shares ended the last trading session 3.6% higher at $103.58. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 25.1% gain over the past four weeks.

U.S. Physical Therapy recorded a strong price increase before its fourth-quarter 2022 earnings release with the latest Zacks Consensus Estimate showing significant upward revision for its quarterly revenues compared to the year-ago reported number. The company is scheduled to release its fourth-quarter earnings on Feb 22.

This physician staffing services company is expected to post quarterly earnings of $0.58 per share in its upcoming report, which represents a year-over-year change of -19.4%. Revenues are expected to be $140.86 million, up 8.5% from the year-ago quarter.

Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.

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For U.S. Physical Therapy, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on USPH going forward to see if this recent jump can turn into more strength down the road.

The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

U.S. Physical Therapy is part of the Zacks Medical - Outpatient and Home Healthcare industry. DaVita HealthCare DVA, another stock in the same industry, closed the last trading session 1.2% higher at $85.82. DVA has returned 9.9% in the past month.

For DaVita HealthCare , the consensus EPS estimate for the upcoming report has changed -3.6% over the past month to $0.88. This represents a change of -56.4% from what the company reported a year ago. DaVita HealthCare currently has a Zacks Rank of #3 (Hold).

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U.S. Physical Therapy, Inc. (USPH) : Free Stock Analysis Report

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Zacks Investment Research