Behavioral health company Acadia Healthcare (NASDAQ: ACHC) will be announcing earnings results this Wednesday afternoon. Here’s what you need to know.
Acadia Healthcare beat analysts’ revenue expectations by 3.2% last quarter, reporting revenues of $869.2 million, up 9.2% year on year. It was a mixed quarter for the company, with a beat of analysts’ EPS estimates but a significant miss of analysts’ full-year EPS guidance estimates.
Is Acadia Healthcare a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Acadia Healthcare’s revenue to grow 3.6% year on year to $845.3 million, slowing from the 8.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.68 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 Q3 results, giving us a hint as to what we can expect. HCA Healthcare delivered year-on-year revenue growth of 9.6%, beating analysts’ expectations by 3.3%, and Universal Health Services reported revenues up 13.4%, topping estimates by 2.8%. HCA Healthcare traded up 6.4% following the results while Universal Health Services was also up 2.4%.
Read our full analysis of HCA Healthcare’s results here and Universal Health Services’s results here.
Investors in the hospital chains segment have had steady hands going into earnings, with share prices flat over the last month. Acadia Healthcare is down 19.5% during the same time and is heading into earnings with an average analyst price target of $29.29 (compared to the current share price of $21.31).
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