The 10-second takeaway
For the quarter ended March 31 (Q1), Air Methods missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted. GAAP earnings per share dropped to a loss.
Margins dropped across the board.
Air Methods reported revenue of $179.2 million. The five analysts polled by S&P Capital IQ expected sales of $186.0 million on the same basis. GAAP reported sales were 6.1% lower than the prior-year quarter's $190.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.15. The five earnings estimates compiled by S&P Capital IQ anticipated -$0.05 per share. GAAP EPS were -$0.15 for Q1 versus $0.32 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 24.4%, much worse than the prior-year quarter. Operating margin was -2.7%, much worse than the prior-year quarter. Net margin was -3.2%, 970 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $209.9 million. On the bottom line, the average EPS estimate is $0.65.
Next year's average estimate for revenue is $922.5 million. The average EPS estimate is $1.87.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 263 members out of 282 rating the stock outperform, and 19 members rating it underperform. Among 78 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 75 give Air Methods a green thumbs-up, and three give it a red thumbs-down.
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