Kindred Healthcare (NYS: KND) reported earnings on Oct. 29. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Kindred Healthcare met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue increased slightly and GAAP earnings per share grew significantly.
Gross margins dropped, operating margins contracted, net margins grew.
Kindred Healthcare notched revenue of $1.53 billion. The eight analysts polled by S&P Capital IQ predicted a top line of $1.54 billion on the same basis. GAAP reported sales were 0.8% higher than the prior-year quarter's $1.51 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.21. The eight earnings estimates compiled by S&P Capital IQ predicted $0.26 per share. GAAP EPS of $0.14 for Q3 were 367% higher than the prior-year quarter's $0.03 per share. (The prior-year quarter included $0.02 per share in earnings from discontinued operations.)
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 33.2%, 30 basis points worse than the prior-year quarter. Operating margin was 2.7%, 80 basis points worse than the prior-year quarter. Net margin was 0.5%, 40 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.57 billion. On the bottom line, the average EPS estimate is $0.43.
Next year's average estimate for revenue is $6.23 billion. The average EPS estimate is $1.48.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 131 members out of 141 rating the stock outperform, and 10 members rating it underperform. Among 44 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 42 give Kindred Healthcare a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Kindred Healthcare is hold, with an average price target of $12.00.
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The article Kindred Healthcare Increases Sales but Misses Estimates on Earnings originally appeared on Fool.com.
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