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HCA Holdings (HCA) Q1 Earnings in Line, Revenues Miss

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Have you been eager to see how HCA Holdings, Inc. (HCA - Free Report) performed in Q1 in comparison with the market expectations? Let’s quickly scan through the key facts from this hospital company’s earnings release this morning:

Earnings Meets Estimates

HCA Holdings reported operating earnings per share of $1.74, in line with the Zacks Consensus Estimate and was up 1.8% year over year.

Earnings Surprise History

Regarding earnings surprise history, before posting in line earnings in Q1, the company delivered positive earnings surprises in each of the trailing four quarters, with an average positive surprise of 10.16%.

HCA Holdings, Inc. Price and EPS Surprise

HCA Holdings, Inc. Price and EPS Surprise | HCA Holdings, Inc. Quote

Revenue Came In Lower Than Expected   

HCA Holdings posted net revenues of $10.62 billion, which fell short of the Zacks Consensus Estimate of $10.69 billion. It was, however, up 3.5% year over year.

Key Takeaways

Same facility equivalent admissions and admissions increased 1.6% and 1.2% year over year

Same facility emergency room visits increased 1.1% year over year.
On a same facility basis, Inpatient surgeries increased 0.9%, while outpatient surgeries declined 0.5% year over year in the first quarter.

Same facility revenue per equivalent admission increased 1.7% year over year.

Guidance Stays Same

The company kept unchanged the earnings guidance provided in the fourth quarter.  It expects 2017 revenues of approximately $43 billion-$44 billion, adjusted EBIDTA of $8.40 billion -$8.7 billion; earnings per share of $7.20-$7.60; and capital expenditure of nearly $2.9 billion.

What Zacks Rank Says

HCA Holdings carries a Zacks Rank # 3 (Hold). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. Now, it all depends on the analysts’ take on the just-released earnings report. (You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here).

Check back later for our full write up on this HCA Holdings earnings report later!

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