Almost Family Earnings: Here’s Why Investors are Not Happy Now
Almost Family Inc. (NASDAQ:AFAM) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.05%.
Almost Family Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 27.59% to $0.42 in the quarter versus EPS of $0.58 in the year-earlier quarter.
Revenue: Decreased 3.11% to $86.55 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Almost Family Inc. reported adjusted EPS income of $0.42 per share. By that measure, the company missed the mean analyst estimate of $0.43. It beat the average revenue estimate of $86.13 million.
Quoting Management: William Yarmuth, Chief Executive Officer, commented on the results: “All things considered, we emerge from 2012 pleased with the progress we’ve made and the position we’re in to capitalize on our future opportunities. We weathered storms, both literally and figuratively, that have had an impact on our quarterly operating results. We continued to make progress in our Florida operations while dealing with the ramifications of Medicare Advantage plan changes in our northern operations.”
Key Stats (on next page)…