Providence Service (PRSC) Misses Q4 EPS by 12c

Providence Service (NASDAQ: PRSC) reported Q4 EPS of $0.33, $0.12 worse than the analyst estimate of $0.45. Revenue for the quarter came in at $386 million versus the consensus estimate of $400.47 million.

Highlights for the Fourth Quarter of 2016:

• Revenue from continuing operations of $386.0 million, a 3.4% increase from fourth quarter 2015
• Net Income of $82.8 million, or $4.92 per diluted common share, includes an after-tax gain of $109.4 million on the Matrix Transaction as well as pre-tax impairment and restructuring and related charges of $28.4 million
• Adjusted Net Income of $6.4 million; Adjusted EPS of $0.33, a 65.0% increase from fourth quarter 2015
• Segment-level Adjusted EBITDA of $24.2 million, a 51.7% increase from fourth quarter 2015
• Repurchased 0.7 million shares from November 4, 2016 through March 6, 2017

For earnings history and earnings-related data on Providence Service (PRSC) click here.

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