Adeptus Health Reports Second Quarter 2016 Results

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Jefferies Cuts Price Target on Adeptus Health (ADPT) Following 2Q Report; Reiterates Buy

July 22, 2016 8:54 AM EDT

Jefferies maintained a Buy rating on Adeptus Health (NYSE: ADPT), and cut the price target to $100.00 (from $113.00), following the company's 2Q earnings report. Q2 results mostly came in below expectations and at the low end of management's guidance. Jefferies does not expect meaningful... More

Adeptus Health (ADPT) Misses Q2 EPS by 3c

July 21, 2016 6:52 AM EDT

Adeptus Health (NYSE: ADPT) reported Q2 EPS of $0.48, $0.03 worse than the analyst estimate of $0.51. Revenue for the quarter came in at $100.2 million versus the consensus estimate of $93.92 million.

2016 Guidance Reaffirmed

We continue to expect systemwide net patient services revenue, which includes revenue... More