MEDNAX Earnings: Here’s Why Shares are Down Now

MEDNAX, Inc. (NYSE:MD) 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 down 0.42%.

MEDNAX, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 12.3% to $1.37 in the quarter versus EPS of $1.22 in the year-earlier quarter.

Revenue: Rose 17.72% to $529.2 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: MEDNAX, Inc. reported adjusted EPS income of $1.37 per share. By that measure, the company beat the mean analyst estimate of $1.36. It missed the average revenue estimate of $533.39 million.

Quoting Management: “Our consistently strong operating results reflect the solid progress we are making in strategically building our national anesthesia group practice platform while successfully and methodically executing on a proven growth strategy that attracts physicians to our national group practice and delivers ongoing value and efficiencies,” said Roger J. Medel, M.D., Chief Executive Officer of MEDNAX. “We continue to manage a very full and robust acquisition pipeline, and are confident in our ability to continue growing through acquisitions across all of our physician specialties.”

Key Stats (on next page)…

Revenue increased 5.27% from $502.72 million in the previous quarter. EPS increased 24.55% from $1.10 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 $1.5 to a profit $1.49. For the current year, the average estimate has moved down from a profit of $5.47 to a profit of $5.45 over the last ninety days.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.

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