Davita Earnings Cheat Sheet: Four Quarters in a Row of Falling Profit

S&P 500 (NYSE:SPY) component Davita, Inc. (NYSE:DVA) reported its results for the second quarter. Davita, Inc. operates kidney dialysis centers and provides related lab and ancillary services across the United States.

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock >>

Davita Earnings Cheat Sheet for the Second Quarter

Results: Net income for the specialized health services company company fell to $100 million ($1.03 per share) vs. $107.9 million ($1.04 per share) a year earlier. This is a decline of 7.3% from the year earlier quarter.

Revenue: Rose 7.9% to $1.71 billion from the year earlier quarter.

Actual vs. Wall St. Expectations: DVA reported adjusted net income of $1.17 per share. By that measure, the company beat the mean estimate of $1.14 per share. It beat the average revenue estimate of $1.67 billion.

Key Stats:

The company has now topped analyst estimates for the last four quarters. It beat the mark by one cent in the first quarter, by one cent in the fourth quarter of the last fiscal year, and by 2 cents in the third quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue increased 3% to $1.61 billion in the first quarter. The figure rose 5.2% in the fourth quarter of the last fiscal year from the year earlier and climbed 4.9% in the third quarter of the last fiscal year from the year-ago quarter.

The company has now seen net income fall in each of the last three quarters. In the first quarter, net income fell 13.6% from the year earlier, while the figure fell 37.1% in the fourth quarter of the last fiscal year.

Competitors to Watch: Fresenius Medical Care AG & Co. (NYSE:FMS), National Quality Care, Inc. (NQCI), Hanger Orthopedic Group, Inc. (NYSE:HGR), Continucare Corporation (NYSE:CNU), Universal Health Services, Inc. (NYSE:UHS), NovaMed, Inc. (NASDAQ:NOVA), MedCath Corporation (NASDAQ:MDTH), Dynacq Healthcare, Inc. (NASDAQ:DYII), and U.S. Physical Therapy, Inc. (NASDAQ:USPH).

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock >>

(Source: Xignite Financials)

More from The Cheat Sheet