Quality Systems (QSII) Tops Q4 EPS by 3c, Beats on Revenues; Offers FY19 EPS/Revenue Mid-Point Outlooks Below Consensus

Quality Systems (NASDAQ: QSII) reported Q4 EPS of $0.16, $0.03 better than the analyst estimate of $0.13. Revenue for the quarter came in at $135.8 million versus the consensus estimate of $131.95 million.

"We closed fiscal 2018 with a strong quarter delivering at or above the commitments we made to our investors. We’re seeing great growth in our RCM pipeline, as well as continuing success with our NextGen Population Health Analytics Suite and NextGen Mobile Platform, formerly Eagle Dream and Entrada. We executed on our commitment to drive bookings growth in the back half of the fiscal year, with 9% actual and 5.5% pro forma year over year growth in the fourth quarter," commented Rusty Frantz, president and chief executive officer of NextGen Healthcare.

Fiscal 2019 Financial Outlook

The company is providing initial outlook for fiscal 2019 and expects:

• Revenue of between $532 million and $548 million
• Non-GAAP EPS of between $0.70 and $0.78

GUIDANCE:

Quality Systems sees FY2019 EPS of $0.70-$0.78, versus the consensus of $0.76. Quality Systems sees FY2019 revenue of $532-548 million, versus the consensus of $541.99 million.

For earnings history and earnings-related data on Quality Systems (QSII) click here.

You May Also Be Interested In

• Lockheed Martin (LMT) Tops Q1 EPS by 53c, Beats on Revenue; Offers FY24 Guidance
• Spotify (SPOT) jumps 10% as Q1 revenue, gross margins beat Street's estimates
• NextEra Energy (NEE) Tops Q1 EPS by 16c, provides guidance