Team Health Holdings Earnings: Here’s Why Investors are Buying Shares Now

Team Health Holdings, Inc. (NYSE:TMH) delivered a profit and missed Wall Street’s expectations, AND 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 up 0.24%.

Team Health Holdings, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 12.82% to $0.44 in the quarter versus EPS of $0.39 in the year-earlier quarter.

Revenue: Rose 14.5% to $579.7 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Team Health Holdings, Inc. reported adjusted EPS income of $0.44 per share. By that measure, the company missed the mean analyst estimate of $0.46. It missed the average revenue estimate of $586.52 million.

Quoting Management: “We delivered solid financial results, with double digit growth in net revenue, Adjusted EBITDA, Adjusted EPS and operating cash flow, despite operating in an extremely challenging utilization environment,” said TeamHealth Chief Executive Officer, Greg Roth.

Key Stats (on next page)…

Revenue increased 0.65% from $575.95 million in the previous quarter. EPS were the same at $0.44 as 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 $0.47 and has not changed. For the current year, the average estimate has moved down from a profit of $1.81 to a profit of $1.80 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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