ENHABIT INC Reports Total Revenue of USD 258.3 Million for Q3 FY2023, Down 2.8% YoY
November 20, 2023
🌥️Earnings Overview
ENHABIT INC ($NYSE:EHAB) reported total revenue of USD 258.3 million for the third quarter of FY2023, ending September 30 2023, representing a year-over-year decrease of 2.8%. The company’s net income for the quarter was USD -2.4 million, compared to 8.6 million in the same quarter the previous year.
Analysis
GoodWhale recently conducted an analysis of ENHABIT INC‘s wellbeing and based on their Star Chart, the company is strong in asset, dividend, growth, and medium in profitability. The health score of 7/10 indicates that ENHABIT INC is capable of paying off its debt and funding future operations. Moreover, GoodWhale classified the company as an ‘elephant’, meaning that it is rich in assets after deducting liabilities. This type of company may be interesting to investors who prioritize stability and value over high returns. Such investors are likely to look for companies with an established track record, a large market share, and a strong cash position. Additionally, they may also look at whether the company has a good corporate governance structure in place, as well as a healthy balance sheet and positive debt-to-equity ratio. Investors may also consider the company’s potential for growth and long-term sustainability before investing. More…
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 |
| 1.05k | -169.3 | 0.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Enhabit Inc. More…
| Operations | Investing | Financing |
| 49.6 | -44 | -18.3 |
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 |
| 1.45k | 742.1 | 13.51 |
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% | -13.7% |
| FCF Margin | ROE | ROA |
| 4.2% | -13.3% | -6.2% |
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
Investors may be wary of ENHABIT INC’s third quarter FY2023 results, with total revenue decreasing 2.8% year-over-year to USD 258.3 million and net income of -2.4 million. This is in stark contrast to the 8.6 million reported in the same period last year. The company will need to shore up their performance in the short term if they are to restore investor confidence in the long-term.
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