Healthcare Services Group Earnings: Here’s Why Shares are Up Now
Healthcare Services Group Inc. (NASDAQ:HCSG) 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 0.82%.
Healthcare Services Group Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 69.23% to $0.22 in the quarter versus EPS of $0.13 in the year-earlier quarter.
Revenue: Rose 5.1% to $273.9 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Healthcare Services Group Inc. reported adjusted EPS income of $0.22 per share. By that measure, the company beat the mean analyst estimate of $0.19. It missed the average revenue estimate of $281.34 million.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…
Revenue decreased 1.13% from $277.04 million in the previous quarter. EPS increased 15.79% from $0.19 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.19 to a profit $0.2. For the current year, the average estimate is a profit of $0.8, 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)