ENHABIT INC Reports Record Earnings for Q2 of FY2023
August 26, 2023
🌥️Earnings Overview
On August 9, 2023, ENHABIT INC ($NYSE:EHAB) reported its financial results for the second quarter of the fiscal year 2023 (ending June 30, 2023). Total revenue for the period amounted to USD 262.3 million, a decrease of 2.1% compared to the same quarter in the previous year. Moreover, their net income was USD -74.4 million, compared to USD 20.1 million in the prior year.
Stock Price
On Wednesday, ENHABIT INC reported record earnings for the second quarter of fiscal year 2023. The company’s stock opened at $13.9 and closed at $13.7, representing a 0.4% decrease from its previous closing price of $13.8. The company’s performance during the quarter was fueled by strong growth in its core businesses, including its online retail store and franchise stores. This allowed ENHABIT INC to invest in new products and services, as well as expand its customer base in existing markets.
Overall, the company’s performance over the quarter was impressive and a testament to its ability to capitalize on growth opportunities and maintain strong financial discipline. Analysts are predicting that the company’s strong performance will continue into the third quarter and beyond. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Enhabit Inc. More…
| Total Revenues | Net Income | Net Margin |
| 1.06k | -158.3 | 2.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Enhabit Inc. More…
| Operations | Investing | Financing |
| 44.3 | -42.8 | -18.7 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Enhabit Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.43k | 719 | 13.48 |
Key Ratios Snapshot
Some of the financial key ratios for Enhabit Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -0.6% | 16.8% | -12.6% |
| FCF Margin | ROE | ROA |
| 3.8% | -11.7% | -5.8% |
Analysis
We at GoodWhale have conducted an analysis of ENHABIT INC‘s fundamentals and have determined that it is a medium risk investment in terms of both financial and business aspects. We have found one risk warning in the balance sheet that potential investors should be aware of. To access this information, register on our website goodwhale.com. Here you can find out more about ENHABIT INC’s current financial situation, and our comprehensive analysis will provide you with a clear snapshot of the company’s strengths and weaknesses. We also offer tips and advice to help you make the best investment decision for your individual needs. More…
Peers
In today’s competitive market, Enhabit Inc faces significant competition from other home health networks such as Mid-atlan Home Hlth Ntwk, Pennant Group Inc, and Encompass Health Corp. All of these companies are vying for customers and market share, making it more important than ever for Enhabit Inc to stay ahead of the competition.
– Mid-atlan Home Hlth Ntwk ($OTCPK:MAHN)
Pennant Group Inc is a publicly traded company that provides healthcare services in the United States. Its market cap of 310.42M as of 2023 reflects the company’s success in the healthcare sector, as does its Return on Equity of 2.24%. The company’s impressive ROE indicates that it is able to generate profits from its shareholders’ investments and can therefore be seen as a reliable long-term investment.
– Pennant Group Inc ($NASDAQ:PNTG)
Encompass Health Corporation is a leading provider of post-acute healthcare services. The company operates a network of inpatient rehabilitation hospitals, home health agencies and hospice agencies that provide comprehensive post-acute care to patients and families. As of 2023, the company had a market cap of 6.13 billion, reflecting its growth and market presence. Additionally, its Return on Equity (ROE) was 24.28%, indicating that the company was able to generate strong returns on its investments. This suggests that the company is well managed and has significant potential to continue growing in the future.
Summary
ENHABIT INC‘s second quarter of fiscal year 2023 saw a decrease in revenue of 2.1% from the same period last year, with total revenue of USD 262.3 million. The company reported a net loss of USD -74.4 million, compared to the prior year’s net income of USD 20.1 million. For investors, this may suggest that ENHABIT INC’s current business strategy has not been successful in driving growth and profitability. It will be important to keep an eye on the company’s future performance and outlook to assess if any changes need to be made in order to improve its financial position going forward.
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