DaVita (NYSE: DVA ) is expected to report Q3 earnings on Oct. 30. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict DaVita's revenues will expand 9.6% and EPS will expand 7.6%.
The average estimate for revenue is $1.98 billion. On the bottom line, the average EPS estimate is $1.56.
Last quarter, DaVita chalked up revenue of $1.93 billion. GAAP reported sales were 16% higher than the prior-year quarter's $1.71 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $1.49. GAAP EPS of $0.99 for Q2 were 2.9% lower than the prior-year quarter's $1.02 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 33.9%, 200 basis points better than the prior-year quarter. Operating margin was 16.3%, 60 basis points better than the prior-year quarter. Net margin was 4.8%, 110 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $7.88 billion. The average EPS estimate is $6.12.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 274 members out of 289 rating the stock outperform, and 15 members rating it underperform. Among 81 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 80 give DaVita a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on DaVita is outperform, with an average price target of $94.38.
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