Healthcare Services Group First Quarter 2024 Earnings: EPS Beats Expectations

Healthcare Services Group (NASDAQ:HCSG) First Quarter 2024 Results

Key Financial Results

• Revenue: US$423.4m (up 1.5% from 1Q 2023).
• Net income: US$15.3m (up 21% from 1Q 2023).
• Profit margin: 3.6% (up from 3.0% in 1Q 2023).
• EPS: US$0.21 (up from US$0.17 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Healthcare Services Group EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 11%.

Looking ahead, revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Commercial Services industry in the US.

Performance of the American Commercial Services industry.

The company's shares are down 6.0% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Healthcare Services Group's balance sheet.

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