Healthcare Services Group Inc HCSG.OQ reported quarterly adjusted earnings of 21 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -2 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 20 cents to 21 cents per share.
Revenue rose 7.6% to $458.49 million from a year ago; analysts expected $450.78 million.
Healthcare Services Group Inc's reported EPS for the quarter was a loss of 44 cents.
The company reported a quarterly loss of $32.37 million.
Healthcare Services Group Inc shares had fallen by 13.2% this quarter and gained 12.4% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 5.6% in the last three months.
In the last 30 days, one analyst negatively revised an earnings estimate
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 "buy."
Wall Street's median 12-month price target for Healthcare Services Group Inc is $15.00, about 13% above its last closing price of $13.05
This summary was machine generated from LSEG data July 23 at 01:32 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)