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LifePoint Health (LPNT) Q2 Earnings Beat Estimates, Up Y/Y
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LifePoint Health, Inc reported earnings of 96 cents per share in second-quarter 2017 that surpassed the Zacks Consensus Estimate by 6.7%. Also, the figure increased 35% year over year.
Net income for the quarter was $46.0 million, up 129% year over year.
Operational Update
Revenues from consolidated operations of approximately $1.6 billion missed the Zacks Consensus Estimate by 2.4% but inched up roughly 0.2% from the last-year quarter.
Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) for the quarter increased 9.6% to $192.2 million.
Equivalent admissions declined 1.5% year over year to 177,812.
Total expenses decreased 2.4% year over year to $1.5 billion, led by lower other operating expenses.
At the end of the second quarter the company had 72 hospitals, unchanged year over year.
LifePoint Health, Inc. Price, Consensus and EPS Surprise
As on Jun 30, 2017, the company had total assets of $6.3 billion, up 0.2% year over year. Cash and cash equivalents totaled $131 million, up 36% year over year.
As on Jun 30, 2017, long-term debt declined 0.3% to $2.9 billion from year-end 2016.
Cash flow from operations for the quarter was $111 million, up 68.2% year over year.
Among the other firms in the medical sector that have reported second-quarter earnings so far, the bottom lines of Centene Corp. (CNC - Free Report) , Anthem Inc and UnitedHealth Group Inc. (UNH - Free Report) beat their respective Zacks Consensus Estimate.
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LifePoint Health (LPNT) Q2 Earnings Beat Estimates, Up Y/Y
LifePoint Health, Inc reported earnings of 96 cents per share in second-quarter 2017 that surpassed the Zacks Consensus Estimate by 6.7%. Also, the figure increased 35% year over year.
Net income for the quarter was $46.0 million, up 129% year over year.
Operational Update
Revenues from consolidated operations of approximately $1.6 billion missed the Zacks Consensus Estimate by 2.4% but inched up roughly 0.2% from the last-year quarter.
Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) for the quarter increased 9.6% to $192.2 million.
Equivalent admissions declined 1.5% year over year to 177,812.
Total expenses decreased 2.4% year over year to $1.5 billion, led by lower other operating expenses.
At the end of the second quarter the company had 72 hospitals, unchanged year over year.
LifePoint Health, Inc. Price, Consensus and EPS Surprise
LifePoint Health, Inc. Price, Consensus and EPS Surprise | LifePoint Health, Inc. Quote
Financial Update
As on Jun 30, 2017, the company had total assets of $6.3 billion, up 0.2% year over year. Cash and cash equivalents totaled $131 million, up 36% year over year.
As on Jun 30, 2017, long-term debt declined 0.3% to $2.9 billion from year-end 2016.
Cash flow from operations for the quarter was $111 million, up 68.2% year over year.
Zacks Rank & Performance of Other Stocks
LifePoint Health presently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here
Among the other firms in the medical sector that have reported second-quarter earnings so far, the bottom lines of Centene Corp. (CNC - Free Report) , Anthem Inc and UnitedHealth Group Inc. (UNH - Free Report) beat their respective Zacks Consensus Estimate.
More Stock News: Tech Opportunity Worth $386 Billion in 2017
From driverless cars to artificial intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future.
Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential. See these stocks now>>