Athenahealth Earnings Preview: Can This Streak Continue?
Athenahealth (NASDAQ:ATHN) will report earnings after markets close on Thursday, July 18th. athenahealth Inc. provides Internet-based business services for physician practices. The Company’s services include a revenue cycle management service that automates and manages billing-related functions for physician practices and includes a practice management platform.
Here is your Cheat Sheet to Athenahealth Earnings:
Earnings Expectations: Analysts expect earnings of $0.22 per share on revenues of $148.26 million. Currently, the company’s P/E ratio stands at 204.40.
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 $0.32 to a profit $0.24. For the current year, the average estimate is a profit of $1.1, which is worse than the estimate ninety days ago.
Here’s how Athenahealth has been performing on an annual basis:
|Revenue ($) in millions||140||189||246||324||422|
|Diluted EPS ($)||0.83||0.27||0.36||0.53||0.50|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012||Mar. 31, 2013|
|Revenue ($) in millions||103.51||105.89||116.30||125.60|
|Diluted EPS ($)||0.11||0.17||0.16||0.02|
Athenahealth has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.
“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)