Universal Health Services Third Quarter 2024 Earnings: Beats Expectations

Universal Health Services (NYSE:UHS) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$3.96b (up 11% from 3Q 2023).
• Net income: US$258.7m (up 55% from 3Q 2023).
• Profit margin: 6.5% (up from 4.7% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: US$3.89 (up from US$2.42 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Universal Health Services Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 3.0%.

Looking ahead, revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Healthcare industry in the US.

Performance of the American Healthcare industry.

The company's shares are down 14% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Universal Health Services you should know about.

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