Adeptus Health (ADPT) Tops Q1 EPS by 6c

Adeptus Health (NYSE: ADPT) reported Q1 EPS of $0.47, $0.06 better than the analyst estimate of $0.41. Revenue for the quarter came in at $140.4 million versus the consensus estimate of $114.08 million.Adeptus Health reaffirmed FY2016 guidance.

Same store revenue increased 12% and same store volumes increased 15% versus prior year, and;

2016 Guidance

We continue to expect systemwide net patient services revenue, which includes revenue from our unconsolidated joint ventures, of $635.0 million to $665.0 million for the full year 2016. We expect Adjusted EBITDA of $108.0 million to 113.0 million and Adjusted earnings per share of $2.50 to $2.60 for the full year 2016.

*** The Street sees FY16 revenue of $510.9 million and EPS of $2.47.

For earnings history and earnings-related data on Adeptus Health (ADPT) click here.

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