VCA Antech Earnings: Here’s Why Shares are Down Now
VCA Antech Inc. (NASDAQ:WOOF) 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 0.65%.
VCA Antech Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 21.95% to $0.50 in the quarter versus EPS of $0.41 in the year-earlier quarter.
Revenue: Rose 6.14% to $465.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: VCA Antech Inc. reported adjusted EPS income of $0.50 per share. By that measure, the company beat the mean analyst estimate of $0.45. It missed the average revenue estimate of $469.81 million.
Quoting Management: Bob Antin, Chairman and CEO, stated, “We had an excellent quarter with improvements in revenue growth and margins in both our core Animal Hospital and Laboratory business segments. Looking forward, we remain optimistic with respect to our results for the second half of 2013.”
Key Stats (on next page)…
Revenue increased 6.09% from $438.61 million in the previous quarter. EPS increased 35.14% from $0.37 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 $0.43 to a profit $0.44. For the current year, the average estimate has moved up from a profit of $1.53 to a profit of $1.58 over the last ninety days.