Healthcare Services Group (HCSG) Misses Q1 EPS by 38c, Miss on Revenues

Healthcare Services Group (NASDAQ: HCSG) reported Q1 EPS of $0.00, $0.38 worse than the analyst estimate of $0.38. Revenue for the quarter came in at $501.8 million versus the consensus estimate of $505.18 million.

• Net income for the three months ended March 31, 2018 was $0.1 million, or $0.00 per basic and diluted common share.
• The decline from the prior three month period ended March 31, 2017 related to the Company’s first quarter 2018 increase in its accounts receivable allowance, primarily related to corporate restructurings of two privately-held, multi-state operators, as discussed in the Company’s press release on April 16, 2018.

For earnings history and earnings-related data on Healthcare Services Group (HCSG) click here.

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Acurx Pharmaceuticals (ACXP) Tops Q2 EPS by 4c
• Zeo Energy Corp (ZEO) Misses Q2 EPS by 7c