Healthcare Services Group Inc reports results for the quarter ended in June - Earnings Summary

Healthcare Services

24/07/2024 14:31

* Healthcare Services Group Inc  HCSG.OQ  reported a
quarterly
adjusted loss of 2 cents​​ per share for the quarter ended in
June, lower than the same quarter last year, when the company
reported EPS of 12 cents.  The mean expectation of five analysts
for the quarter was for earnings of 20 cents per share. Wall
Street expected results to range from 18 cents to 21 cents per
share.
    * Revenue rose 1.8% to $426.29 million from a year ago;
analysts
expected $424.90 million. 
    * Healthcare Services Group Inc's reported EPS for the
quarter was
a loss of 2 cents​.
    * The company reported a quarterly loss of $1.79 million.
    * Healthcare Services Group Inc shares had risen by 12.2%
this
quarter and gained 14.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1% in
the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the business
support
services peer group is also "hold"

Wall Street's median 12-month price target for Healthcare
Services Group Inc is $14.00 
This summary was machine generated from LSEG data July 24 at
01:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.20           -0.02          Missed
 Mar. 31 2024      0.19           0.21           Beat
 Dec. 31 2023      0.16           0.18           Beat
 Sep. 30 2023      0.18           -0.07          Missed