Can SGRY sustain its earnings momentum into Q1 2025?

**Surgery Partners (SGRY) faces challenges in sustaining its earnings momentum into Q1 2025.** Here's why:

1. **Expected Negative EPS**: The estimated EPS for SGRY in Q1 2025 is -$0.04. This indicates that the company is expected to report a loss during the period, which is a negative signal for earnings momentum.

2. **Revenue Projection**: The estimated revenue for Q1 2025 is $798 million. While this is a substantial figure, it is important to consider the context of the previous quarter's performance and the company's overall trajectory.
3. **Recent Performance**: SGRY has shown positive earnings potential, with analysts expecting EPS of $0.88 for fiscal year 2024, attributed to successful physician recruitment and capital deployment strategies. However, the upcoming quarter's estimates do not reflect this positive trend.
4. **Market Sentiment**: The stock's recent performance shows a last change of -7.53%, which suggests that market sentiment may be cautious or bearish, potentially impacting earnings momentum.
5. **Strategic Positioning**: Surgery Partners has outlined a 2025 guidance with a revenue target of $3.3 billion to $3.45 billion, driven by high acuity growth. This long-term target suggests confidence in future performance, but it does not guarantee immediate earnings momentum.
6. **Historical Context**: The company has reported record revenue and EBITDA growth in 2024, with a 17.5% increase in revenue for Q4 and a 13.5% increase for the full year. However, these strong performances may not translate seamlessly into Q1 2025 due to seasonal fluctuations or internal restructuring.

In conclusion, while Surgery Partners has shown potential for growth, the upcoming quarter's expected negative EPS and the need to sustain revenue growth in the face of market caution suggest that sustaining earnings momentum into Q1 2025 may be challenging. The company's long-term targets and past performance provide some optimism, but the immediate forecast indicates a potential slowdown.