LHC Group Earnings: Here’s Why Investors are Happy Now
LHC Group, Inc. (NASDAQ:LHCG) 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 up 2.08%.
LHC Group, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 6.25% to $0.34 in the quarter versus EPS of $0.32 in the year-earlier quarter.
Revenue: Rose 5.21% to $166.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: LHC Group, Inc. reported adjusted EPS income of $0.34 per share. By that measure, the company beat the mean analyst estimate of $0.28. It missed the average revenue estimate of $166.58 million.
Quoting Management: In commenting on the results, Keith G. Myers, LHC Group’s chairman and CEO, said, “Our team’s performance in the first half of 2013 has been outstanding. Once again, the collective talent, work ethic and experience of the more than 8,500 healthcare professionals who make up our LHC Group family have proven to be our greatest competitive advantage. Our people truly are our greatest asset. Even as we continue to drive efficiencies throughout the organization, our quality scores and total patient admissions are at all-time highs, and our employee turnover rate has reached an all-time low. This underpins our continued belief in our successful operating model and growth strategy. Our company’s proven ability to grow admissions while simultaneously improving quality, retaining high-caliber employees and becoming more efficient in our operations is the key to long-term success in today’s healthcare environment.”
Key Stats (on next page)…