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Healthcare Services (HCSG) Beats Q1 Earnings and Revenue Estimates
ZACKSยท 2025-04-23 13:15
Core Viewpoint - Healthcare Services (HCSG) reported quarterly earnings of $0.23 per share, exceeding the Zacks Consensus Estimate of $0.18 per share, and showing an increase from $0.22 per share a year ago [1][2] Financial Performance - The company achieved revenues of $447.66 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 0.85% and increasing from $423.43 million year-over-year [3] - HCSG has surpassed consensus EPS estimates three times in the last four quarters [2][3] Stock Performance - The stock has underperformed, losing about 19% since the beginning of the year, compared to the S&P 500's decline of 10.1% [4] - The sustainability of the stock's price movement will depend on management's commentary during the earnings call [4] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.19 on revenues of $446.6 million, and for the current fiscal year, it is $0.80 on revenues of $1.79 billion [8] - The estimate revisions trend for HCSG is currently favorable, resulting in a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [7] Industry Context - The Business - Services industry, to which HCSG belongs, is currently in the top 32% of over 250 Zacks industries, suggesting a favorable outlook for stocks within this sector [9]