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LifePoint Health's (LPNT) Q3 Earnings and Revenues Miss
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LifePoint Health, Inc reported earnings of 80 cents per share in third-quarter 2017 that missed the Zacks Consensus Estimate by 15.8%. Also, the figure declined 15.1% year over year.
Net income for the quarter was $29.9 million, down 27% year over year. Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) for the quarter increased 6.4% to $176 million.
Operational Update
Revenues from consolidated operations of approximately $1.6 billion missed the Zacks Consensus Estimate by 1.3% and fell roughly 0.6% from the last-year quarter.
Equivalent admissions declined 2.2% year over year to 177,475.
Total expenses remained flat at $1.5 billion year over year.
At the end of the third quarter, the company had 72 hospitals, unchanged year over year.
LifePoint Health, Inc. Price, Consensus and EPS Surprise
Among the other firms in the medical sector that have reported their third-quarter earnings so far, the bottom line at Centene Corp. (CNC - Free Report) , Anthem Inc and UnitedHealth Group Inc. (UNH - Free Report) beat their respective Zacks Consensus Estimate.
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Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.
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LifePoint Health's (LPNT) Q3 Earnings and Revenues Miss
LifePoint Health, Inc reported earnings of 80 cents per share in third-quarter 2017 that missed the Zacks Consensus Estimate by 15.8%. Also, the figure declined 15.1% year over year.
Net income for the quarter was $29.9 million, down 27% year over year. Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) for the quarter increased 6.4% to $176 million.
Operational Update
Revenues from consolidated operations of approximately $1.6 billion missed the Zacks Consensus Estimate by 1.3% and fell roughly 0.6% from the last-year quarter.
Equivalent admissions declined 2.2% year over year to 177,475.
Total expenses remained flat at $1.5 billion year over year.
At the end of the third 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 of Sep 30, 2017, the company had total assets of $6.4 billion, up 1% year over year.
Cash and cash equivalents totaled $165.7 million, up 73% year over year.
As on Sep 30, 2017, long-term debt declined 0.3% to $2.9 billion from year-end 2016.
Cash flow from operations for the quarter was $91.1 million, down 49% year over year.
2017 Guidance
The company expects adjusted earnings per share to be in the range of $3.48-$3.78.
Adjusted EBITDA is expected to be within $740-$760 million.
Net revenues are expected to lie within $6.335-$6.385 billion.
Zacks Rank & Performance of Peers
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 their third-quarter earnings so far, the bottom line at Centene Corp. (CNC - Free Report) , Anthem Inc and UnitedHealth Group Inc. (UNH - Free Report) beat their respective Zacks Consensus Estimate.
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.
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