AmSurg Earnings: Here’s Why the Stock is Falling Now

AmSurg Corp. (NASDAQ:AMSG) 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 1.85%.

AmSurg Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 13.95% to $0.49 in the quarter versus EPS of $0.43 in the year-earlier quarter.

Revenue: Rose 9.34% to $244.2 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: AmSurg Corp. reported adjusted EPS income of $0.49 per share. By that measure, the company missed the mean analyst estimate of $0.51. It beat the average revenue estimate of $237.94 million.

Quoting Management: Mr. Holden said, “We are pleased with AmSurg’s operating and financial performance for the fourth quarter, which produced same-center revenue growth of 3% for the quarter and for all of 2012, up from 1% for the comparable periods in 2011. Our fourth-quarter earnings included a negative impact from Hurricane Sandy of an estimated $0.01 per diluted share. In addition, our acquisition strategy contributed significantly to our 19% growth in revenue and earnings per diluted share for full-year 2012 and, through a record level of activity in the fourth quarter, will continue to fuel our growth in 2013. We completed the acquisition of 14 centers during the fourth quarter that generate a record $60 million in annualized operating income, all of which were single-center transactions.”

Key Stats (on next page)…