Gentiva Health Services Earnings: Here’s Why Investors are Excited Now

Gentiva Health Services Inc. (NASDAQ:GTIV) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 8.14%.

Gentiva Health Services Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 37.14% to $0.22 in the quarter versus EPS of $0.35 in the year-earlier quarter.

Revenue: Decreased 3.11% to $414.4 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Gentiva Health Services Inc. reported adjusted EPS income of $0.22 per share. By that measure, the company beat the mean analyst estimate of $0.21. It missed the average revenue estimate of $416.83 million.

Key Stats (on next page)…

Revenue decreased 0.29% from $415.59 million in the previous quarter. EPS decreased 4.35% from $0.23 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 $0.23 to a profit $0.22. For the current year, the average estimate has moved down from a profit of $1.01 to a profit of $0.92 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. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)