Hanger Orthopedic Group Earnings: Everything You Must Know Now

Hanger Orthopedic Group Inc. (NYSE:HGR) delivered a profit 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.

Hanger Orthopedic Group Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 24% to $0.62 in the quarter versus EPS of $0.54 in the year-earlier quarter.

Revenue: Rose 9.72% to $272.2 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Hanger Orthopedic Group Inc. reported adjusted EPS income of $0.62 per share. By that measure, the company beat the mean analyst estimate of $0.56. It beat the average revenue estimate of $265.55 million.

Quoting Management: “We reported excellent results across the board in the fourth quarter,” commented Vinit K. Asar, President and Chief Executive Officer of Hanger. “Patient Care finished the year strong with 4.7% same center sales growth and better than anticipated sales from acquisitions, Distribution reported 5.1% growth and Therapeutic Solutions reported sales growth for the first time in over a year during the fourth quarter. In 2012 our Patient Care same center sales increased 4.0%, we expanded adjusted operating margins by 50 bps, and we increased adjusted diluted earnings per share by 13.8%. We anticipate 2013 will be another year of profitable growth, even as we continue to make key investments in capabilities aimed at enhancing long-term productivity. We are guiding to increase our adjusted diluted earnings per share between 11.6% and 15.5% for 2013.”

Key Stats (on next page)…

Revenue increased 11.79% from $243.5 million in the previous quarter. EPS increased 24% from $0.50 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 profit of $0.24 and has not changed. For the current year, the average estimate is a profit of $1.78, which is the same with that ninety days ago.

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