MedCath Corp Third Quarter Earnings Sneak Peek

MedCath Corp (NASDAQ:MDTH) will unveil its latest earnings on Tuesday, August 9, 2011. The Company is a healthcare provider and is focused primarily on providing high acuity services, including the diagnosis and treatment of cardiovascular disease.

MedCath Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 9 cents per share, a rise of threefold from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 6 cents. For the year, analysts are projecting profit of 18 cents per share, a rise of more than twofold from last year.

Past Earnings Performance: The company is looking to top analyst estimates this quarter after trailing for the two previous quarters. Last quarter, it missed estimates by reporting net income of 2 cents per share against an estimate of profit of 6 cents per share. The quarter before that, it missed expectations by 11 cents.

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Wall St. Revenue Expectations: On average, analysts predict $85.8 million in revenue this quarter, a decline of 34.9% from the year ago quarter. Analysts are forecasting total revenue of $343.9 million for the year, a decline of 22.3% from last year’s revenue of $442.5 million.

Analyst Ratings: Analysts seem relatively indifferent about MedCath with four of four analysts surveyed maintaining a hold rating.

Key Stats:

Revenue has fallen in the past four quarters. Revenue declined 28% to $97.2 million in second quarter. The figure fell 39.6% in the first quarter from the year earlier, dropped 62.9% in fourth quarter of the last fiscal year from the year-ago quarter and 12.6% in the third quarter of the last fiscal year.

Competitors to Watch: Universal Health Services, Inc. (NYSE:UHS), Community Health Systems (NYSE:CYH), Tenet Healthcare Corp. (NYSE:THC), Health Management Associates, Inc. (NYSE:HMA), SunLink Health Systems, Inc. (AMEX:SSY), LifePoint Hospitals, Inc. (NASDAQ:LPNT), Dynacq Healthcare, Inc. (NASDAQ:DYII), Select Medical Hldgs. Corp. (NYSE:SEM), HCA Holdings Inc (NYSE:HCA), and RehabCare Group, Inc. (NYSE:RHB).

Stock Price Performance: During May 9, 2011 to August 3, 2011, the stock price had fallen $1.72 (-11.8%) from $14.58 to $12.86. The stock price saw one of its best stretches over the last year between November 12, 2010 and November 26, 2010 when shares rose for 10-straight days, rising 12.4% (+$1.42) over that span. It saw one of its worst periods between July 20, 2011 and July 28, 2011 when shares fell for seven-straight days, falling 5.4% (-74 cents) over that span. Shares are down $1.09 (-7.8%) year to date.

(Source: Xignite Financials)

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