RadNet (RDNT) Tops Q3 EPS by 4c

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Get Alerts RDNT Hot Sheet

Price: $69.89 +3.23%

Revenue Growth %: +22.3%

Financial Fact:
Interest expense: 11.4M

Today's EPS Names:
TAYD, PKE, More

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RadNet (NASDAQ: RDNT) reported Q3 EPS of $0.10, $0.04 better than the analyst estimate of $0.06. Revenue for the quarter came in at $175.2 million versus the consensus estimate of $177.85 million.

Aggregate and same-center procedural volumes increased 9.2% and 6.3%, respectively, from the third quarter of 2013; volumes continue to be enhanced by services provided to enrollees in state and privately managed health insurance exchanges

2014 Guidance Update

RadNet updates the previously announced 2014 fiscal year guidance ranges as follows:

		Revised
		Guidance
	Original	After 3rd
	2014 Guidance	Quarter 2014
Revenue (a)	$700 - $730mm	$730 - $745mm
Adjusted EBITDA(1)	$110 - $120mm	$123 - $128mm
Capital Expenditures (b)	$40 - $45mm	$50 - $52mm
Cash Interest Expense	$38 - $42mm	$40 - 42mm
Free Cash Flow Generation (c)(2)	$30 - $40mm	$30 - $36mm

(a) Service Fee Revenue, net of contractual allowances plus Revenue under capitation arrangements.
(b) Net of proceeds from the sale of equipment, imaging centers and joint venture interests.
(c) Defined by the Company as Adjusted EBITDA(1) less total capital expenditures and cash paid for interest.

For earnings history and earnings-related data on RadNet (RDNT) click here.

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