Overview
Amedisys Q2 net service revenue rises to $621.9 mln from $591.2 mln
Adjusted EPS for Q2 beats estimates, reaching $1.54, per LSEG data
Adjusted EBITDA of $80.8 mln surpasses analyst expectations, per LSEG data
Result Drivers
MERGER EXPENSES - Higher merger-related expenses impacted net income, reducing it to $28.1 mln from $32.3 mln in Q2 2024
REVENUE INCREASE - Net service revenue rose by $30.7 mln to $621.9 mln, driven by growth in healthcare services
ADJUSTED EBITDA GROWTH - Adjusted EBITDA increased to $80.8 mln, surpassing analyst expectations, attributed to operational efficiencies
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted EPS
Beat
$1.54
$1.33 (10 Analysts)
Q2 Adjusted Net Income
Beat
$51.40 mln
$45.20 mln (7 Analysts)
Q2 Net Income
$28.10 mln
Q2 Adjusted EBITDA
Beat
$80.80 mln
$71.50 mln (11 Analysts)
Q2 Net Service Revenue
$621.90 mln
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 10 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the healthcare facilities & services peer group is "buy."
Wall Street's median 12-month price target for Amedisys Inc is $101.00, about 4% above its July 28 closing price of $96.91
The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 19 three months ago
Press Release: ID:nGNX89vGwd
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)