ExamWorks Group, Inc. (NYSE:EXAM) had a loss and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
ExamWorks Group, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $-0.08 in the quarter versus EPS of $-0.15 in the year-earlier quarter.
Revenue: Rose 21.1% to $139.64 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: ExamWorks Group, Inc. reported adjusted EPS loss of $0.08 per share. By that measure, the company beat the mean analyst estimate of $-0.17. It beat the average revenue estimate of $135.77 million.
Quoting Management: James K. Price, Chief Executive Officer of ExamWorks, said: “During 2012, we continued to redefine the IME industry by raising customer expectations for quality and service. We are continuing our investment in developing cloud-based technology that keeps customer data safe and secure and better integrates our customers’ processes with ours, thereby increasing connectivity and efficiency. With $574 million and approximately $92 million of pro forma run rate revenue and EBITDA and growing, we will continue raising the bar as we solidify our reputation as the global IME industry leader.”
Key Stats (on next page)…