Civitas Solutions (CIVI) Misses Q1 EPS by 22c. Maintains FY Revenue Guidance

February 17, 2015 5:11 PM

Civitas Solutions (NYSE: CIVI) reported Q1 EPS of ($0.09), $0.22 worse than the analyst estimate of $0.13. Revenue for the quarter came in at $334.6 million versus the consensus estimate of $335.06 million.

Fiscal 2015 Outlook and Guidance

The Company is updating its fiscal year 2015 net revenue and Adjusted EBITDA guidance that it originally communicated on December 17, 2014 during the release of fiscal fourth quarter and full year results.

For fiscal 2015, we are maintaining our guidance for net revenue with a range of $1.345 billion to $1.385 billion and increasing our guidance for Adjusted EBITDA to a range of $150 million to $153 million, up from a range of $147 million to $152 million.

For earnings history and earnings-related data on Civitas Solutions (CIVI) click here.

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Earnings Guidance