On Jan 9, 2015, Select Medical Holdings provided an updated guidance for 2015 and full year results for 2014. The company expects to deliver earnings between 84 cents and 90 cents per share on net revenues of $3.1 billion to $3.2 billion.
This slump shouldn’t be too much of a surprise to investors, as the health maintenance organizing 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.
SEM currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.
Another better-ranked stock in the same sector is Centene Corp. (CNC) carrying a Zacks Rank #1 (Strong Buy).
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