Amedisys
The 10-second takeaway
For the quarter ended March 31 (Q1), Amedisys missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped. Non-GAAP earnings per share dropped significantly. GAAP earnings per share dropped significantly.
Gross margins grew, operating margins contracted, net margins contracted.
Revenue details
Amedisys reported revenue of $339.2 million. The 10 analysts polled by S&P Capital IQ foresaw a top line of $358.5 million on the same basis. GAAP reported sales were 7.1% lower than the prior-year quarter's $365.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $0.13. The 11 earnings estimates compiled by S&P Capital IQ predicted $0.18 per share. Non-GAAP EPS of $0.13 for Q1 were 41% lower than the prior-year quarter's $0.22 per share. (The prior-year quarter included -$0.04 per share in earnings from discontinued operations.) GAAP EPS of $0.09 for Q1 were 50% lower than the prior-year quarter's $0.18 per share. (The prior-year quarter included -$0.04 per share in earnings from discontinued operations.)
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 43.2%, 30 basis points better than the prior-year quarter. Operating margin was 1.2%, 220 basis points worse than the prior-year quarter. Net margin was 0.8%, 70 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Looking ahead
Next quarter's average estimate for revenue is $358.8 million. On the bottom line, the average EPS estimate is $0.16.
Next year's average estimate for revenue is $1.44 billion. The average EPS estimate is $0.65.
Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 812 members out of 899 rating the stock outperform, and 87 members rating it underperform. Among 200 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 173 give Amedisys a green thumbs-up, and 27 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Amedisys is hold, with an average price target of $10.67.
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