IPC The Hospitalist Company, Inc. (IPCM) Misses Q1 EPS by 7c

IPC The Hospitalist Company, Inc. (NASDAQ: IPCM) reported Q1 EPS of $0.57, $0.07 worse than the analyst estimate of $0.64. Revenue for the quarter came in at $172.7 million versus the consensus estimate of $183 million.

2014 Guidance

The Company reaffirms its guidance for the full year 2014 and expects revenue to be in the range of $720 million to $732 million, an adjusted EBITDA range of $76 million to $79 million, and adjusted diluted earnings per share to be in the range of $2.41 to $2.51. The Company has provided this outlook based on assumptions of (i) weighted average shares outstanding of 17.6 million for the year, (ii) a 38.3% effective tax rate, (iii) $8.4 million in stock based compensation expense, and (iv) $6.0 million in depreciation and amortization expense. Not included in the assumptions are (i) new market acquisitions completed after today's date, or (ii) future gains or losses related to changes in the fair value of contingent consideration of acquired practices.

For earnings history and earnings-related data on IPC The Hospitalist Company, Inc. (IPCM) click here.

You May Also Be Interested In

• Alphabet stock surges 11% to record high on Q1 earnings beat, first-ever dividend
• Barnes Group (B) Tops Q1 EPS by 2c; Raises guidance
• Avantor (AVTR) Tops Q1 EPS by 2c