AmSurg Earnings: Everything You Must Know Now

AmSurg Corp. (NASDAQ:AMSG) delivered a profit 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.

AmSurg Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 13.73% to $0.58 in the quarter versus EPS of $0.51 in the year-earlier quarter.

Revenue: Rose 16.29% to $269.3 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: AmSurg Corp. reported adjusted EPS income of $0.58 per share. By that measure, the company beat the mean analyst estimate of $0.56. It beat the average revenue estimate of $265.84 million.

Quoting Management: Christopher A. Holden, President and Chief Executive Officer of AmSurg Corp., said, “AmSurg produced significant growth in revenues and earnings for the second quarter of 2013. We attribute this growth in our seasonally strongest quarter primarily to the 17 centers we acquired in 2012, which have performed well. Our same-center revenues for the quarter were even with the second quarter of 2012, reflecting the impact of the reduction in workers’ compensation reimbursement by the State of California and sequestration. This impact more than offset the benefits from having one additional business day in the latest quarter compared with the second quarter last year. Nonetheless, we are pleased with our earnings growth for the second quarter, given the workers’ compensation reimbursement reduction, sequestration and the increased interest expense related to our debt offering in the fourth quarter of 2012.”

Key Stats (on next page)…

Revenue increased 3.55% from $260.06 million in the previous quarter. EPS increased 11.54% from $0.52 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.53 and has not changed. For the current year, the average estimate has moved down from a profit of $2.17 to a profit of $2.16 over the last ninety days.

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

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