HMS Holdings Corp. (HMSY) Tops Q3 EPS by 10c, Revenues Beat; Raises FY18 Revenue Guidance Above Consensus

HMS Holdings Corp. (NASDAQ: HMSY) reported Q3 EPS of $0.31, $0.10 better than the analyst estimate of $0.21. Revenue for the quarter came in at $154.3 million versus the consensus estimate of $140.47 million.

• Record Quarterly Revenue of $154.3 Million
• Record Quarterly Commercial Revenue of $86.7 Million / YTD Commercial Revenue Up 24%
• Quarterly COB Revenue of $105.7 million / YTD COB Revenue Up 8%
• Full-Year 2018 Revenue Outlook Raised to $595-$600 million
• GAAP EPS of $0.22 Per Diluted Share / Adjusted EPS of $0.31 Per Diluted Share

”We are extremely pleased with our overall financial performance through the first three quarters of 2018. The record third quarter revenue reflects progress we have made throughout the year on a number of growth initiatives related to our coordination of benefits and payment integrity offerings, as well as the important contribution of our new care management and consumer engagement products. We intend to push hard through year end to meet our full year objectives, including the increased revenue target we have announced today,” said Bill Lucia, Chairman and CEO. “Our key year-to-date metrics show the broad-based strength of our overall performance. Total Company revenue is up 17% YTD, excluding the first quarter Medicare RAC reserve release - including commercial, payment integrity and member engagement revenues each up double digits. YTD adjusted EBITDA is 38% higher than the comparable period last year, which reflects the leverage in our business model.”

GUIDANCE:

HMS Holdings Corp. sees FY2018 revenue of $595-600 million, versus the consensus of $582.09 million.

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

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