AmSurg
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), AmSurg met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share expanded significantly.
Gross margins contracted, operating margins dropped, net margins grew.
Revenue details
AmSurg reported revenue of $226.4 million. The eight analysts polled by S&P Capital IQ wanted to see revenue of $226.0 million on the same basis. GAAP reported sales were 16% higher than the prior-year quarter's $195.9 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 $0.49. The nine earnings estimates compiled by S&P Capital IQ averaged $0.49 per share. GAAP EPS of $0.49 for Q3 were 17% higher than the prior-year quarter's $0.42 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 53.9%, 210 basis points worse than the prior-year quarter. Operating margin was 29.7%, 100 basis points worse than the prior-year quarter. Net margin was 6.8%, 10 basis points better than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $237.6 million. On the bottom line, the average EPS estimate is $0.51.
Next year's average estimate for revenue is $928.3 million. The average EPS estimate is $2.01.
Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 137 members out of 147 rating the stock outperform, and 10 members rating it underperform. Among 45 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 42 give AmSurg 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 AmSurg is hold, with an average price target of $28.86.
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