Healthcare Services Group Earnings: Everything You Must Know Now
Healthcare Services Group Inc. (NASDAQ:HCSG) 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.
Healthcare Services Group Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 11.76% to $0.19 in the quarter versus EPS of $0.17 in the year-earlier quarter.
Revenue: Rose 2.43% to $273.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Healthcare Services Group Inc. reported adjusted EPS income of $0.19 per share. By that measure, the company missed the mean analyst estimate of $0.2. It missed the average revenue estimate of $281.77 million.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…
Revenue decreased 0.11% from $273.9 million in the previous quarter. EPS decreased 13.64% from $0.22 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 $0.2 and has not changed. For the current year, the average estimate is a profit of $0.82, 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)