Air Methods
The 10-second takeaway
For the quarter ended June 30 (Q2), Air Methods met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue improved significantly and GAAP earnings per share increased significantly.
Margins grew across the board.
Revenue details
Air Methods logged revenue of $222.5 million. The five analysts polled by S&P Capital IQ hoped for revenue of $223.3 million on the same basis. GAAP reported sales were 48% higher than the prior-year quarter's $150.2 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 $2.48. The four earnings estimates compiled by S&P Capital IQ averaged $2.35 per share. GAAP EPS of $2.43 for Q2 were 216% higher than the prior-year quarter's $0.77 per share.
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 45.8%, 880 basis points better than the prior-year quarter. Operating margin was 26.7%, 1,330 basis points better than the prior-year quarter. Net margin was 14.1%, 750 basis points better than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $219.3 million. On the bottom line, the average EPS estimate is $2.01.
Next year's average estimate for revenue is $835.1 million. The average EPS estimate is $6.20.
Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 207 members out of 225 rating the stock outperform, and 18 members rating it underperform. Among 62 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 59 give Air Methods a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Air Methods is outperform, with an average price target of $106.00.
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