Encompass Health stock up 60% past year due to strong financials and growth potential.

From Nasdaq: 2024-11-28 12:54:00

Encompass Health Corporation’s stock has surged by 59.9% in the past year, outperforming the industry and S&P 500. The company’s strong financials and extensive healthcare network are driving growth. Analysts predict further growth in earnings and revenues for 2024 and 2025, supported by rising patient volumes.

The company aims to expand its inpatient rehabilitation hospital network and maintain a strong financial position with growing cash reserves. Encompass Health has a VGM Score of A, indicating strong value, growth, and momentum. Other top-ranked stocks in the Medical sector include Masimo Corporation, Inspire Medical Systems, and Tenet Healthcare, each showing promising growth potential.

Masimo Corporation and Inspire Medical Systems have also shown strong performance, with earnings surpassing estimates and positive revenue growth projections. Tenet Healthcare Corporation has seen consistent earnings growth and an impressive stock price increase. The Medical sector is expected to benefit from the ongoing infrastructure boom in the US, providing opportunities for growth and investment in healthcare stocks.



Read more at Nasdaq: Encompass Health Up 60% in a Year: What Lies Ahead for Investors?