Surgical Care Affiliates (SCAI) Falls: Stock Goes Down 5.1% – Tale of the Tape

On Mar 23, Surgical Care Affiliates announced the launch of an underwritten public offering of 7,000,000 shares of its common stock.
This slump shouldn’t be too much of a surprise to investors, as the company has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

SCAI currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

Investors interested in the Medical-Outpatient/Home Care industry may consider better-ranked stock like Almost Family Inc. (AFAM), which carries a Zacks Rank #1 (Strong Buy).

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