Emergency Medical Services Corp. (EMS) continues to set new highs after a solid quarterly report and analyst estimate revisions.
Company Description
Emergency Medical Services Corp. provides emergency medical services. The company offers transportation services directly and through outsource staffing. EMSC operates nationwide in over 2,000 areas and is headquartered in Greenwood Village, Colorado.
Another Solid Quarter
On Aug 3 the company reported second-quarter earnings results that included a 12% increase in revenues to $637 million. Net income surged to $29 million, a 58% jump.
Earnings per share came in at 67 cents, 29% higher than the Zacks Consensus Estimate and 57% higher year-over-year. This was the company’s sixth consecutive surprise. EMS has beaten expectations in all but 1 quarter since 2006.
Estimates Are Up
Following an increase in guidance, analysts raised full-year estimates. After 8 analysts polled by Zacks provided 9 upward revisions, the Zacks Consensus Estimate is now $2.44, up from $2.15.
Estimates next year are up to $2.72, from $2.37 prior to the report. These figures represent year-over-year growth of 24% and 11%, respectively.
The Chart
Shares of EMS have had a great year and continue to set new 52-week highs. The stock also saw astronomical volume on its latest quarterly report.
