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8-K ·Filed Nov 5, 2026

CON

Concentra Group Holdings Parent, Inc.
BULLISH
Impact 6/10
Horizonweeks Processed6d 2h ago SEC0002014596-26-000070
8-K Item 2.02: Earnings release
Actionable Insight ▲ Bullish

The combination of a strong Q3 beat, raised full-year guidance, a new $250M buyback authorization, and a credit rating upgrade signals accelerating operational momentum and management confidence. Monitor the Q4 earnings call for updates on the de novo pipeline and M&A execution, as well as any commentary on the new CEO's strategic priorities.

DirectionBullish
Confidencehigh
Horizonweeks

How the stock moved after the report

⚠ Clustered BULLISH VIEWSTOCK ABOVE ENTRY AT T+1
Entry
$42.22
T+0 close · Nov 5, 2026 · via day close
Latest settled
+0.43%
T+1 · $42.40
vs SPY
−1.94%
α at T+1
Next horizon
T+5
tomorrow
  1. T+0 · Nov 6 $42.22entry
  2. T+1 · 3d ago +0.43%α −1.94% · $42.40
  3. T+3 · todayOpen
  4. T+5 · tomorrow Pending
  5. T+20 · in 25d Pending
  6. T+60 · in 3mo Pending

Price Chart

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Executive Summary

Concentra reported Q3 2026 revenue of $622.1M (+8.6% YoY) and GAAP EPS of $0.52 (+36.8% YoY), beating consensus estimates of $0.44 EPS and $605.4M revenue. The company raised its full-year 2026 revenue guidance to $2.36B-$2.38B and Adjusted EBITDA guidance to $505M-$510M, announced a new $250M share repurchase program, and completed a leadership transition with Matt DiCanio as CEO.

Key Financial Metrics

EPS
$0.52
est $0.44 · +18.2%
Revenue
$622.1M
est $605.4M · +2.8% · +8.6% YoY
Rating
strong beat
Guidance
$2.360B-$2.380B
raised
Free Cash Flow
$32.2M

Key Facts

  • Q3 2026 revenue $622.1M, +8.6% YoY from $572.8M
  • GAAP EPS $0.52, +36.8% YoY from $0.38
  • Adjusted EBITDA $140.2M, +17.9% YoY, margin expanded 178bps to 22.5%
  • Net income $67.8M, +36.0% YoY; net income margin expanded 220bps to 10.9%
  • Patient visits +4.9% YoY to 58,312 per day; revenue per visit +3.3% to $152.14
  • Raised FY 2026 revenue guidance to $2.36B-$2.38B (from $2.325B-$2.375B)
  • Raised FY 2026 Adjusted EBITDA guidance to $505M-$510M (from $485M-$495M)
  • Board authorized new $250M share repurchase program with no expiration
  • Net leverage ratio improved to 2.90x; S&P upgraded credit rating from BB- to BB
  • CEO transition completed: Matt DiCanio succeeded Keith Newton as CEO effective Nov 1

Financial Impact

Q3 revenue beat consensus by $16.7M (2.8%); GAAP EPS beat consensus by $0.08 (18.2%); FY guidance raised for both revenue and EBITDA

revenueepsadjusted_ebitdanet_incomepatient_visitsrevenue_per_visitnet_leverage

Segment Breakdown

SegmentRevenueGrowth
Occupational health centers - Workers compensation$370.5M+7.9%
Occupational health centers - Employer services$190.5M+10.0%
Occupational health centers - Consumer health$6.7M-9.0%
Occupational health centers - Other$1.9M-3.6%
Onsite health clinics$38.4M+10.0%
Other$14.1M+18.4%

Risk Factors

  • Consumer health visits declined 6.7% YoY, a small but persistent negative trend
  • Free cash flow in Q3 was $32.2M vs $40.2M in Q3 2025, down 19.9% due to higher capex and working capital
  • Transition services agreement with Select Medical expires in November 2026, introducing potential operational complexity

Market Snapshot

Exchange
NYSE
Sector
Services-Specialty Outpatient Facilities, NEC
Analyst Consensus
93% bullish (15 analysts)

Investment Themes

Healthcare & Medical Devices

Documents Analyzed

This report is based on 7 SEC documents filed with EDGAR.

DocumentAccession Number
8-K Filing (Primary)0002014596-26-000070
Document: cghp-20261104.htm0002014596-26-000070
Document: concentrainvestorpresent.htm0002014596-26-000070
Document: 0002014596-26-000070-index-headers.html0002014596-26-000070
Document: 0002014596-26-000070-index.html0002014596-26-000070
Document: 0002014596-26-000070.txt0002014596-26-000070
8-K Data (Synthetic)0002014596-26-000070

Track record

13 reports on CON

Performance horizon

2 of 3 bullish or bearish reports moved the stock their way by T+1. Best: +8.49% at T+1 after the Nov 3, 2026 report. 3 of 3 went positive at some point.

Filters
  1. Nov 10, 20261d ago SC 13D/A Neutral 4/10 Entry $42.40 Now $43.45 +2.48% settles Nov 12
  2. Nov 10, 20261d ago 8-K Neutral 3/10 Entry $42.40 Now $43.45 +2.48% settles Nov 12
  3. Nov 9, 20262d ago 8-K Neutral 2/10 Entry $42.67 to $43.45 Now $43.45 +1.83% ▲ +1.83% +0.51% vs SPY
  4. Nov 5, 20266d ago 3 Neutral 2/10 Entry $42.22 to $42.40 Now $43.45 +2.91% ▲ +0.43% −1.94% vs SPY
  5. Nov 5, 20266d ago 8-K Bullish 6/10 Viewing Entry $42.22 to $42.40 Now $43.45 +2.91% ▲ +0.43% −1.94% vs SPY
  6. Nov 3, 20268d ago Institutional Cluster Bullish 4/10 Entry $40.15 to $43.56 Now $43.45 +8.22% ▲ +8.49% +6.84% vs SPY
  7. Jun 30, 202619w ago 144 Neutral 2/10 Entry $30.77 to $31.91 Now $43.45 +41.21% ▲ +3.70% +3.84% vs SPY
  8. Jun 29, 202619w ago 144 Neutral 2/10 Entry $29.75 to $30.77 Now $43.45 +46.05% ▲ +3.43% +3.56% vs SPY
  9. Jun 26, 202619w ago 144 Neutral 3/10 Entry $29.77 to $29.75 Now $43.45 +45.95% ▼ −0.07% −0.85% vs SPY
  10. Jun 1, 202623w ago 144 Bearish 5/10 Entry $25.09 to $24.75 Now $43.45 −73.18% ▲ +1.36% +0.63% vs SPY
Showing 10 of 13

US Market Status

Market Closed · Opens Fri (14h 13m)

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Report published Nov 5, 2026