Health Management Associates, Inc. Second Quarter Earnings Sneak Peek

Health Management Associates, Inc. (NASDAQ:HMA) will unveil its latest earnings on Wednesday, July 27, 2011. Health Management Associates, Inc and its subsidiariesprovide health care services to patients in owned and leased facilities located mainly in non-urban communities in the southeastern and southwestern United States.

Health Management Associates, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 19 cents per share, a rise of 18.8% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 18 cents. For the year, analysts are projecting profit of 76 cents per share, a rise of 16.9% from last year.

Get more Earnings Cheat Sheets with our in depth coverage of earnings season >>

Past Earnings Performance: The company topped forecasts last quarter after being in line with estimates the quarter prior. In the first quarter, it reported net income of 22 cents per share versus a mean estimate of 21 cents. Two quarters ago, it reported profit of 16 cents per share.

Wall St. Revenue Expectations: On average, analysts predict $1.41 billion in revenue this quarter, a rise of 12.8% from the year ago quarter. Analysts are forecasting total revenue of $5.71 billion for the year, a rise of 11.5% from last year’s revenue of $5.12 billion.

Analyst Ratings: Analysts are bullish on this stock with 17 analysts rating it as a buy, none rating it as a sell and six rating it as a hold.

Key Stats:

Revenue has risen the past four quarters. Revenue increased 11.6% to $1.43 billion in first quarter. The figure rose 9.4% in the fourth quarter of the last fiscal year from the year earlier, climbed 13.3% in the third quarter of the last fiscal year from the year-ago quarter and 8% in the second quarter of the last fiscal year.

The increase in profit in the first quarter comes after net income fell in the previous quarter. In the first quarter, net income rose 18.3% to $55.5 million. In the fourth quarter of the last fiscal year, net income fell 17.4%.

Competitors to Watch: Community Health Systems (NYSE:CYH), Universal Health Services, Inc. (NYSE:UHS), Tenet Healthcare Corp. (NYSE:THC), HCA Holdings Inc (NYSE:HCA), MedCath Corporation (NASDAQ:MDTH), SunLink Health Systems, Inc. (AMEX:SSY), LifePoint Hospitals, Inc. (NASDAQ:LPNT), Dynacq Healthcare, Inc. (NASDAQ:DYII), Select Medical Hldgs. Corp. (NYSE:SEM), and HEALTHSOUTH Corp. (NYSE:HLS).

Stock Price Performance: During May 24, 2011 to July 21, 2011, the stock price had fallen 71 cents (-6.4%) from $11.11 to $10.40. The stock price saw one of its best stretches over the last year between April 21, 2011 and May 2, 2011 when shares rose for seven-straight days, rising 10.8% (+$1.11) over that span. It saw one of its worst periods between May 31, 2011 and June 8, 2011 when shares fell for seven-straight days, falling 9.2% (-$1.05) over that span. Shares are up 86 cents (+9%) year to date.

(Source: Xignite Financials)

Get more Earnings Cheat Sheets with our in depth coverage of earnings season >>

More from The Cheat Sheet