DaVita (DVA) Earnings Beat Estimates In Q4, Revenues Miss
Zacks Investment Research | Feb 10, 2020 08:02PM ET
DaVita Inc. (NYSE:DVA) reported fourth-quarter 2019 adjusted earnings per share (EPS) of $1.86, beating the Zacks Consensus Estimate of $1.66. The bottom line indicates a massive surge from the year-ago quarter’s 90 cents.
Total revenues in the quarter moved up 2.7% year over year to $2.90 billion, which also lagged the Zacks Consensus Estimate of $2.92 billion.
Fourth-quarter adjusted operating income totaled $463 million, up 25.1% year over year.
FY19 at a Glance
The Zacks Rank #3 (Hold) company’s 2019 revenues were $11.39 billion, which missed the Zacks Consensus Estimate of $11.41 billion. Revenues inched down 0.1% year over year.
EPS of $4.60 lagged the Zacks Consensus Estimate of $5.31.
DaVita’s Net Dialysis Services revenues for 2019 were $10.90 billion (95.7% of net revenues), while Other revenues totaled $491,773 (0.3%).
Segment Details
Net dialysis and related lab patient service revenues in the fourth quarter totaled $2.77 billion, up 1.8% on a year-over-year basis. Other revenues were $132,575, up 26.2% from the year-ago quarter’s figure.
Per management, total U.S. dialysis treatments for the fourth quarter were 7,681,462, or an average of 96,744 treatments per day. The figure represents a per-day increase of 1.7% on a year-over-year basis.
DaVita Inc. Price, Consensus and EPS Surprise
.Accuray reported second-quarter fiscal 2020 adjusted EPS of a penny, comparing favorably with the Zacks Consensus Estimate of a loss of 7 cents. Net revenues of $98.8 million outpaced the Zacks Consensus Estimate by 0.3%. The company sports a Zacks Rank #1.
IDEXX Laboratories reported fourth-quarter 2019 adjusted EPS of $1.04, which beat the Zacks Consensus Estimate of 91 cents by 14.3%. Revenues were $605.4 million, surpassing the Zacks Consensus Estimate by 0.9%. The company carries a Zacks Rank of 2.
Zacks Top 10 Stocks for 2020
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2020?
Last year's 2019 Zacks Top 10 Stocks portfolio returned gains as high as +102.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
Original post
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.