HEALTHSOUTH Corp. (NYSE:HLS) 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. .
HEALTHSOUTH Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 20% to $0.48 in the quarter versus EPS of $0.40 in the year-earlier quarter.
Revenue: Rose 7.57% to $572.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: HEALTHSOUTH Corp. reported adjusted EPS income of $0.48 per share. By that measure, the company beat the mean analyst estimate of $0.41. It beat the average revenue estimate of $563.86 million.
Quoting Management: “We are very pleased with our first quarter’s results,” said Jay Grinney, President and Chief Executive Officer of HealthSouth. “All of the Company’s key operating and financial metrics — discharges, revenues, Adjusted EBITDA, earnings per share, and adjusted free cash flow — demonstrated strong quarter-over-quarter growth. We also continued to invest a portion of our free cash flow towards future growth with the on-going construction of three new hospitals and the purchase of the 58-bed Walton Rehabilitation Hospital in Augusta, Georgia. Walton is the 101st hospital in HealthSouth’s national network, and this acquisition marks HealthSouth’s entry into the Georgia market.”
Key Stats (on next page)…
Revenue increased 8.88% from $525.9 million in the previous quarter. EPS increased 9.09% from $0.44 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 $0.41 and has not changed. For the current year, the average estimate has moved up from a profit of $1.63 to a profit of $1.64 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)