Earnings Preview For DaVita
DaVita (NYSE: DVA) announces its next round of earnings this Thursday, August 1. Here is Benzinga's everything-that-matters guide for the Q2 earnings announcement.
Earnings and Revenue
Analysts expect DaVita earnings of $1.09 per share. Revenue will likely be around $2.86 billion, according to the consensus estimate.
DaVita EPS in the same period a year ago totaled $1.05. Sales were $2.89 billion. The analyst consensus estimate would represent a 3.81% increase in the company's EPS figure. Revenue would be down 0.94% from the year-ago period. Here's how the company's EPS has stacked up against analyst estimates in the past:
Quarter | Q1 2019 | Q4 2018 | Q3 2018 | Q2 2018 |
EPS Estimate | 0.930 | 0.9 | 0.87 | 0.97 |
EPS Actual | 0.910 | 0.9 | 0.56 | 1.05 |
Stock Performance
Shares of DaVita were trading at $60.1 as of July 30. Over the last 52-week period, shares are down 13.91%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release. Analyst estimates are adjusted higher for EPS and revenues over the past 90 days. The average rating by analysts on DaVita stock is a Neutral. The validity of this rating has maintained conviction over the past 90 days.
Conference Call
DaVita is scheduled to hold a conference call at 5:00 p.m. ET and it can be accessed here: https://edge.media-server.com/mmc/p/v66ivrz8
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