Behavioral health company Acadia Healthcare (NASDAQ: ACHC) will be reporting earnings tomorrow after the bell. Here’s what to expect.
Acadia Healthcare missed analysts’ revenue expectations by 0.6% last quarter, reporting revenues of $774.2 million, up 4.2% year on year. It was a softer quarter for the company, with a miss of analysts’ EPS estimates and EBITDA guidance for next quarter missing analysts’ expectations.
Is Acadia Healthcare a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Acadia Healthcare’s revenue to be flat year on year at $769.7 million, slowing from the 9.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.36 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Acadia Healthcare has missed Wall Street’s revenue estimates three times over the last two years.
Looking at Acadia Healthcare’s peers in the hospital chains segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Tenet Healthcare’s revenues decreased 2.7% year on year, beating analysts’ expectations by 1.3%, and HCA Healthcare reported revenues up 5.7%, topping estimates by 0.5%. Tenet Healthcare traded up 15.6% following the results while HCA Healthcare was down 2.8%.
Read our full analysis of Tenet Healthcare’s results here and HCA Healthcare’s results here.
Investors in the hospital chains segment have had steady hands going into earnings, with share prices up 1.5% on average over the last month. Acadia Healthcare is down 9% during the same time and is heading into earnings with an average analyst price target of $46.38 (compared to the current share price of $24.01).
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