Almost Family Earnings: Everything You Must Know Now

Almost Family Inc. (NASDAQ:AFAM) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

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Almost Family Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 33.96% to $0.35 in the quarter versus EPS of $0.53 in the year-earlier quarter.

Revenue: Decreased 3.45% to $86.85 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Almost Family Inc. reported adjusted EPS income of $0.35 per share. By that measure, the company missed the mean analyst estimate of $0.43. It missed the average revenue estimate of $88.39 million.

Quoting Management: William Yarmuth, Chief Executive Officer, commented on the results: “All things considered we’re pleased with our results for the first quarter. Given the impact of sequestration and fewer business days than the first quarter of 2012, we are pleased with the positive total admission growth our VN Segment achieved. We continue to have the utmost confidence in our ability to grow long term both organically and through acquisition and remain well positioned to capitalize on the opportunities we see ahead of us.”

Key Stats (on next page)…

Revenue increased 0.35% from $86.55 million in the previous quarter. EPS decreased 16.67% from $0.42 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.43 to a profit $0.40. For the current year, the average estimate has moved down from a profit of $1.71 to a profit of $1.62 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)