LHC Group, Inc. (NASDAQ:LHCG) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
LHC Group, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 11.9% to $0.37 in the quarter versus EPS of $0.42 in the year-earlier quarter.
Revenue: Rose 2.04% to $162 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: LHC Group, Inc. reported adjusted EPS income of $0.37 per share. By that measure, the company beat the mean analyst estimate of $0.33. It missed the average revenue estimate of $164.68 million.
Quoting Management: Keith G. Myers, chief executive officer of LHC Group, said, “I am extremely proud of the strong and well-balanced operating results our team delivered during the first quarter. I am particularly proud of our ability to once again achieve a solid organic growth rate in total new admissions of 3.7% over the first quarter of 2012. I would like to congratulate and thank our 8,500 team members for their unwavering commitment to excellence and for consistently delivering high-quality care to the growing number of patients, families and communities we serve. Because of our team’s dedication to clinical excellence and compassion for those we serve, we have experienced positive organic growth in total new admissions for 18 consecutive quarters dating back to 2008.”
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