IPC The Hospitalist Earnings: Here’s Why Investors Like These Results

IPC The Hospitalist Company, Inc. (NASDAQ:IPCM) 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. Shares are down 0%.

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IPC The Hospitalist Company, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 14% to $0.57 in the quarter versus EPS of $0.50 in the year-earlier quarter.

Revenue: Rose 17.95% to $153.09 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: IPC The Hospitalist Company, Inc. reported adjusted EPS income of $0.57 per share. By that measure, the company beat the mean analyst estimate of $0.55. It beat the average revenue estimate of $148.94 million.

Quoting Management: Adam D. Singer, M.D., Chief Executive Officer of IPC The Hospitalist Company, stated, “We achieved strong results for the quarter, including net revenue growth of 18%, same-market net revenue growth of 14%, and a corresponding growth in adjusted diluted earnings per share of 13%. We benefited from the acquisitions we completed in the second half of 2012, as well as the continued growth in both our acute and post-acute lines of business. As of quarter-end, we had 1,456 providers, an increase of 15% since the first quarter of the prior year.”

Key Stats (on next page)…

Revenue increased 11.28% from $137.57 million in the previous quarter. EPS increased 14% from $0.50 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 $0.52 to a profit $0.53. For the current year, the average estimate has moved up from a profit of $2.17 to a profit of $2.18 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)