HCA Holdings Inc (NYSE:HCA) 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. Shares are up 0.76%.
HCA Holdings Inc Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 33.05% to $0.79 in the quarter versus EPS of $1.18 in the year-earlier quarter.
Revenue: Decreased 8.25% to $8.44 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: HCA Holdings Inc reported adjusted EPS income of $0.79 per share. By that measure, the company missed the mean analyst estimate of $0.82. It missed the average revenue estimate of $8.61 billion.
Quoting Management: “This morning the Company reported earnings consistent with our preview of first quarter 2013 results on April 15th. Results for the first quarter reflect a moderation in the rate of growth in admissions and outpatient volumes distributed across our portfolio,” said Richard M. Bracken, Chairman of the Board and Chief Executive Officer of HCA.
Key Stats (on next page)…
Revenue increased 0.07% from $8.43 billion in the previous quarter. EPS decreased 14.13% from $0.92 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 $0.85 to a profit $0.78. For the current year, the average estimate has moved down from a profit of $3.49 to a profit of $3.13 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. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)