Gentiva Health Services Earnings: Here’s Why Investors are Ambivalent Now
Gentiva Health Services Inc. (NASDAQ:GTIV) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Gentiva Health Services Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 14.81% to $0.23 in the quarter versus EPS of $0.27 in the year-earlier quarter.
Revenue: Decreased 4.6% to $415.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Gentiva Health Services Inc. reported adjusted EPS income of $0.23 per share. By that measure, the company missed the mean analyst estimate of $0.3. It missed the average revenue estimate of $427.95 million.
Quoting Management: “I am pleased with our overall results this quarter, which met our expectations despite a continued challenging reimbursement and regulatory environment,” said Gentiva CEO Tony Strange.
Key Stats (on next page)…
Revenue decreased 2.22% from $425.02 million in the previous quarter. EPS decreased 28.13% from $0.32 in the previous quarter.
Looking Forward: 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 $0.23. For the current year, the average estimate has moved down from a profit of $1.26 to a profit of $1.01 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)