Chemed Reports Second-Quarter 2020 Results
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Chemed Corporation (CHE) Tops Q2 EPS by 66c, Offers FY Guidance
July 29, 2020 4:42 PM EDTChemed Corporation (NYSE: CHE) reported Q2 EPS of $4.41, $0.66 better than the analyst estimate of $3.75. Revenue for the quarter came in at $502 million versus the consensus estimate of $522.89 million.
GUIDANCE:
Chemed Corporation sees FY2020 EPS of $16.20-$16.40, versus the consensus of $16.13.
Historically, Chemed earnings guidance has been developed using previous years key operating metrics which are then modeled and projected out for the calendar year. Critical within these projections is the understanding of traditional patterned correlations among key operating metrics. Once we complete this phase of our projected... More