ExamWorks Group Earnings: Here’s Why Shares are Up Now

ExamWorks Group, Inc.t (NYSE:EXAM) had a loss and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.76%.

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ExamWorks Group, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased to $-0.10 in the quarter versus EPS of $-0.13 in the year-earlier quarter.

Revenue: Rose 20.17% to $148.7 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: ExamWorks Group, Inc. reported adjusted EPS loss of $0.10 per share. By that measure, the company beat the mean analyst estimate of $-0.11. It beat the average revenue estimate of $145.57 million.

Quoting Management: James K. Price, Chief Executive Officer of ExamWorks, said: “We are extremely proud of our more than 2,000 dedicated and talented employees worldwide who work hard every day to redefine quality and service in the IME industry. Our results reflect their hard work and dedication. Our technology infrastructure allows us to meet the security, privacy, accessibility and process integration needs of our customers and continues to set us apart in the marketplace. We are excited and look forward to continuing our progress in 2013.”

Key Stats (on next page)…

Revenue increased 6.49% from $139.64 million in the previous quarter. EPS decreased to $-0.10 in the quarter versus EPS of $-0.08 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a loss of $0.08 and has not changed. For the current year, the average estimate has moved up from a loss of $0.33 to a loss of $0.32 over the last ninety days.

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

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