MedAssets Earnings: Here’s Why Investors are Excited Now

MedAssets, Inc. (NASDAQ:MDAS) 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 up 4.91%.

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MedAssets, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 70.83% to $0.41 in the quarter versus EPS of $0.24 in the year-earlier quarter.

Revenue: Rose 15.31% to $172.84 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: MedAssets, Inc. reported adjusted EPS income of $0.41 per share. By that measure, the company beat the mean analyst estimate of $0.29. It beat the average revenue estimate of $164.74 million.

Quoting Management: There was no comment from management.

Key Stats (on next page)…

Revenue increased 5.53% from $163.78 million in the previous quarter. EPS increased 51.85% from $0.27 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.31 to a profit $0.30. For the current year, the average estimate has moved down from a profit of $1.30 to a profit of $1.29 over the last ninety days.

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

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