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.
Earnings season is back and more important than ever. Get our newest CHEAT SHEET stock picks now
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.
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.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute — click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)
Don’t Miss These Additional Hot Stories: