AmSurg Earnings: Everything You Must Know Now

AmSurg Corp. (NASDAQ:AMSG) delivered a profit and met 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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AmSurg Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 4% to $0.52 in the quarter versus EPS of $0.50 in the year-earlier quarter.

Revenue: Rose 12.98% to $260.1 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: AmSurg Corp. reported adjusted EPS income of $0.52 per share. By that measure, the company met the mean analyst estimate of $0.52. It missed the average revenue estimate of $263.74 million.

Quoting Management: Christopher A. Holden, President and Chief Executive Officer of AmSurg Corp., said, “AmSurg’s earnings for the first quarter met the high end of our guidance, as adjusted for the deconsolidation gain. As anticipated, our results for the first quarter also include the impact of a reduction in workers’ compensation reimbursement by the State of California and increased interest expense related to our debt offering in the fourth quarter of 2012, which totaled $0.07 per diluted share in aggregate.”

Key Stats (on next page)…

Revenue increased 8.23% from $240.32 million in the previous quarter. EPS increased 6.12% from $0.49 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 $0.57 to a profit $0.55. For the current year, the average estimate has moved down from a profit of $2.23 to a profit of $2.18 over the last ninety days.

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