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Top Performer for Tues: AMICAS (AMCS)
by James GiaquintoNovember 24, 2009 | Comments : 0 Recommended this article: (0)
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It's been a choppy, rather lackluster session for the market in general, but AMICAS, Inc. (AMCS) has been able to produce a nearly 4% gain. That'll be enough to make the Zacks #1 Rank Top Performers List on Tuesday.
Volume of almost 224,000 is above the daily average of 124,000.
AMICAS is a leader in radiology and medical image and information management solutions. It is the only company from the Medical Information Systems industry on today's Zacks #1 Rank List.
Earnings Estimates for AMICAS
The Zacks Consensus Estimate for this year has been unchanged for the last 3 months at a loss of 19 cents per share.
However, analysts are currently expecting 24 cents for next year, marking a return to profitability and a sharp year-over-year performance from 2009. Furthermore, that Zacks Consensus Estimate has advanced by 14.3% in 30 days.
AMICAS earned 7 cents per share in its third quarter, which was a sharp 800% improvement over the Zacks Consensus Estimate for a loss of 1-cent. (This was the second straight quarter with a triple-digit earnings surprise.) The result also reversed a year-ago loss.
Total revenue reached $27.2 million, compared to $12.3 million a year earlier.
"We demonstrated excellent progress on a number of important fronts - including record bookings and revenue, accelerated progress on our business integration, and continued focus on customer success, while at the same time pursuing strategic growth opportunities," stated AMICAS President/CEO/Chairman Stephen Kahane MD.
As for the immediate future, AMICAS now expects non-GAAP revenue of approximately $28.7 million for the fourth quarter. Meanwhile, it sees about $95.8 million for 2009, which is up $1 million from its previous guidance.
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