Davita Earnings: Yet Another Quarter of Profitability

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

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Davita Inc. Earnings Cheat Sheet

Results: Net income for Davita Inc. rose to $144.7 million ($1.50 per share) vs. $135.4 million ($1.42 per share) in the same quarter a year earlier. This marks a rise of 6.9% from the year-earlier quarter.

Revenue: Rose 11.9% to $2.02 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Davita Inc. fell short of the mean analyst estimate of $1.55 per share. It beat the average revenue estimate of $1.85 billion.

Key Stats:

Revenue has risen the past four quarters. Revenue increased 12.7% to $1.93 billion in the second quarter. The figure rose 16.2% in the first quarter from the year earlier and climbed 12.9% in the fourth quarter of the last fiscal year from the year-ago quarter.

After beating analyst estimates for the two previous quarters, the company fell short of forecasts. In the second quarter, it topped the mark by 2 cents, and in the first quarter, it was ahead by one cent.

Net income has increased 35.7% year-over-year on average across the last five quarters. The biggest gain came in the fourth quarter of the last fiscal year, when income climbed more than twofold from the year-earlier quarter.

Looking Forward: The average estimate for the fourth quarter remains unchanged at $1.62 a share. For the fiscal year, the average estimate has moved up from $6.12 a share to $6.13 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

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