How does HCSG's earnings trend compare year-over-year?
4/3/2025 11:23am
Healthcare Services Group Inc. (HCSG) has demonstrated a positive earnings trend year-over-year, with notable growth in both revenue and net income:
1. **Revenue Growth**: HCSG's revenue for the quarter ending September 30, 2024, was $423.40 million, which is a 1.5% increase from the same period last year. This consistent increase in revenue reflects the company's successful strategic initiatives and operational efficiency.
2. **Net Income Growth**: The company's net income has also shown a significant year-over-year increase. For the quarter ended March 31, 2024, HCSG reported earnings of $15.309 million, or $0.21 per share, compared to $11.671 million, or $0.16 per share, in the same period last year. This indicates a robust profitability trend.
3. **Earnings Per Share (EPS) Improvement**: HCSG's EPS for the quarter was $0.21, which is higher than the $0.16 EPS reported in the previous year's same quarter. This suggests that not only has the company increased its net income, but it has also improved its profitability relative to its share count.
4. **Analyst Estimates Alignment**: The company's revenue for the quarter was slightly below analysts' estimates of $424.91 million, but the EPS of $0.21 exceeded expectations. This indicates that HCSG has outperformed expectations in terms of profitability, which is a positive signal for investors.
In conclusion, HCSG's earnings trend year-over-year is strong, with notable increases in revenue, net income, and EPS. The company's performance aligns well with analysts' expectations, reflecting its effective operational strategies and market positioning.