HealthStream (NASDAQ: HSTM) reported Q3 EPS of $0.08, $0.03 better than the analyst estimate of $0.05. Revenue for the quarter came in at $63.6 million versus the consensus estimate of $62.48 million.

Financial Outlook for 2017

For 2017, we continue to anticipate that consolidated revenues will grow eight to 10 percent as compared to 2016. We anticipate that revenue growth in our Workforce Solutions segment will be in the four to six percent range and our Patient Experience Solutions segment to decline one to three percent when compared to 2016. We anticipate that our Provider Solutions segment’s revenue will grow 50 to 54 percent as compared to 2016.

We anticipate operating income for 2017 to increase between 65 and 80 percent as compared to 2016.

We anticipate that capital expenditures will be between $18 million and $20 million during 2017. We expect the annual effective income tax rate to range between 32 percent and 36 percent for 2017.

This guidance does not include the impact of any acquisitions that we may complete during 2017.

For earnings history and earnings-related data on HealthStream (HSTM) click here.