DaVita (DVA) Earnings Miss Estimates, Revenues Beat In Q1
Zacks Investment Research | May 02, 2017 10:00PM ET
DaVita Inc. (NYSE:DVA) reported first-quarter 2017 adjusted operating earnings of 79 cents per share that missed the Zacks Consensus Estimate of 82 cents. Also, earnings declined from 92 cents in the year-ago quarter.
Total revenue increased from $3.58 billion year over year to approximately $3.70 billion and beat the Zacks Consensus Estimate of $3.69 billion.
Stock Performance
The price performance of the stock was favorable in the last three months. DaVita registered a return of 7.27%, outperforming the Zacks classified Medical - Outpatient and Home Healthcare sub-industry’s gain of almost 2.69%.
Segment Update Dialysis and Related Lab Services
Total operating revenue during the first quarter was approximately $2.27 billion, up from $2.23 billion in the year-ago quarter. However, operating income was down from $440 million in the year-ago quarter to $415 million.
Davita Medical Group (DMG)
Total operating revenue during the first quarter was $1.09 billion, up from $989 million in the year-ago quarter. Also, the segment’s adjusted operating income came in at $12 million versus the prior-year’s quarter loss of $57 million.
DaVita HealthCare Partners Inc. Price, Consensus and EPS Surprise
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