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Amedisys (AMED) Reports Q3 Earnings: What Key Metrics Have to Say
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Amedisys (AMED - Free Report) reported $556.24 million in revenue for the quarter ended September 2023, representing a year-over-year decline of 0.3%. EPS of $0.98 for the same period compares to $1.15 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $561.78 million, representing a surprise of -0.99%. The company delivered an EPS surprise of -9.26%, with the consensus EPS estimate being $1.08.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Amedisys performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Service Revenue- Hospice: $200.20 million versus the four-analyst average estimate of $202.59 million. The reported number represents a year-over-year change of +0.8%.
Net Service Revenue- Home health: $351.60 million versus $351.50 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +4.3% change.
Net Service Revenue- High Acuity Care: $4.40 million versus the four-analyst average estimate of $7.83 million. The reported number represents a year-over-year change of -20%.
Net Service Revenue- Hospice- Medicare: $188.90 million versus the two-analyst average estimate of $190.63 million. The reported number represents a year-over-year change of +0.6%.
Net Service Revenue- Home health- Non-Medicare: $133.70 million compared to the $121 million average estimate based on two analysts. The reported number represents a change of +16.5% year over year.
Net Service Revenue- Hospice- Non-Medicare: $11.30 million versus the two-analyst average estimate of $12 million. The reported number represents a year-over-year change of +3.7%.
Net Service Revenue- Home health- Medicare: $217.90 million compared to the $225.31 million average estimate based on two analysts. The reported number represents a change of -2% year over year.
Shares of Amedisys have returned -1.9% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.
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Amedisys (AMED) Reports Q3 Earnings: What Key Metrics Have to Say
Amedisys (AMED - Free Report) reported $556.24 million in revenue for the quarter ended September 2023, representing a year-over-year decline of 0.3%. EPS of $0.98 for the same period compares to $1.15 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $561.78 million, representing a surprise of -0.99%. The company delivered an EPS surprise of -9.26%, with the consensus EPS estimate being $1.08.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Amedisys performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Service Revenue- Hospice: $200.20 million versus the four-analyst average estimate of $202.59 million. The reported number represents a year-over-year change of +0.8%.
- Net Service Revenue- Home health: $351.60 million versus $351.50 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +4.3% change.
- Net Service Revenue- High Acuity Care: $4.40 million versus the four-analyst average estimate of $7.83 million. The reported number represents a year-over-year change of -20%.
- Net Service Revenue- Hospice- Medicare: $188.90 million versus the two-analyst average estimate of $190.63 million. The reported number represents a year-over-year change of +0.6%.
- Net Service Revenue- Home health- Non-Medicare: $133.70 million compared to the $121 million average estimate based on two analysts. The reported number represents a change of +16.5% year over year.
- Net Service Revenue- Hospice- Non-Medicare: $11.30 million versus the two-analyst average estimate of $12 million. The reported number represents a year-over-year change of +3.7%.
- Net Service Revenue- Home health- Medicare: $217.90 million compared to the $225.31 million average estimate based on two analysts. The reported number represents a change of -2% year over year.
View all Key Company Metrics for Amedisys here>>>Shares of Amedisys have returned -1.9% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.