HMS Holdings Corp. (HMSY) Tops Q2 EPS by 6c, Revenues Beat; Boosts FY18 Revenue Guidance Above Consensus

HMS Holdings Corp. (NASDAQ: HMSY) reported Q2 EPS of $0.25, $0.06 better than the analyst estimate of $0.19. Revenue for the quarter came in at $146.8 million versus the consensus estimate of $139.43 million.

• Total Q2 Revenue of $146.8 Million / YTD Total Revenue Up 13% Excluding Q1 Reserve Release
• Record Quarterly Commercial Revenue of $80.5 Million in Q2 – Up 16% Compared to Q2’17
• Full-Year 2018 Outlook Raised - Including Projected Total Revenue of $575 - 585 million
• Q2 GAAP EPS of ($0.04) Per Diluted Share Reflects Previously Announced Settlement
• Q2 Adjusted EPS of $0.25 Per Diluted Share

"Over the past 18 months we have made investments in technology, undertaken extensive work to revamp new business implementations, continued to put in place new process improvement and cost containment initiatives across the enterprise, and heightened our focus on internal innovation. We have also expanded the solution set we offer payers, which now includes care management and consumer engagement services, and focused on exceptional execution. The success of these internal and external efforts is reflected in our second quarter financial results,” said Bill Lucia, Chairman and CEO. “We are extremely pleased with both our top line and bottom line performance, highlighted by record quarterly commercial revenue and a strong quarter for Eliza solutions.”

GUIDANCE:

HMS Holdings Corp. sees FY2018 revenue of $575-585 million, versus the consensus of $574.02 million.

For earnings history and earnings-related data on HMS Holdings Corp. (HMSY) click here.

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