Adeptus Health (ADPT) Tops Q1 EPS by 8c, FY15 Guidance Tops Views

Adeptus Health (NYSE: ADPT) reported Q1 EPS of $0.16, $0.08 better than the analyst estimate of $0.08. Revenue for the quarter came in at $81.5 million versus the consensus estimate of $77.76 million.

Adeptus Health sees FY2015 EPS of $0.82-$0.91, versus the consensus of $0.56.

Based on our strong performance in the first quarter of 2015 and full year growth plans which include 24 freestanding facilities and two new hospitals, we are raising guidance. We expect to generate systemwide net patient services revenue, which includes revenue from our unconsolidated joint venture, of $388.0 million to $393.0 million for the full year 2015. We expect Adjusted EBITDA of $59.0 million to $61.0 million and Adjusted earnings per share of $0.82 to $0.91 for 2015.

For earnings history and earnings-related data on Adeptus Health (ADPT) click here.

You May Also Be Interested In

• SanDisk and Micron surge as Apple confirms memory price pass-through
• Goldman starts Talen at buy, sees PJM power tightness boosting earnings
• Stifel downgrades Intuit to Hold on growth concerns, cuts target price