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LifePoint Health (LPNT) Q2 Earnings Beat Estimates, Up Y/Y

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LifePoint Health, Inc (LPNT - Free Report) 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
 

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 (ANTM - Free Report) and UnitedHealth Group Inc. (UNH - Free Report) beat their respective Zacks Consensus Estimate.

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