health Management Associates, Inc. (HMA: Quote) announced its expected, unaudited results of operations for the fourth quarter and the full-year 2012 as well as guidance for fiscal 2013.
For the fourth quarter, the company expects income from continuing operations in a range of $0.19 and $0.21, and adjusted income from continuing operations in the range of $0.12 and $0.13 per share. The company also projects quarterly revenues of about $1.48 billion.
On average, analysts polled by Thomson Reuters expect the company to report earnings of $0.19 per share on revenues of $1.66 billion for the fourth quarter. Analysts’ estimates typically exclude special items.
For fiscal 2012, income from continuing operations is anticipated between $0.66 and $0.69 per share, and adjusted income from continuing operations expected in a range of $0.75 and $0.76 per share on projected revenues of between $5.87 billion and $5.88 billion.
Wall Street analysts have a consensus earnings estimate of $0.82 per share on revenues of $6.63 billion for fiscal 2012.
Looking ahead to fiscal 2013, the company projects income from continuing operations in a range of $0.86 to $1.01 per share and adjusted income from continuing operations in the range of $0.67 to $0.79 per share, on anticipated net revenues, before bad debt expense, between $7.0 billion and$7.2 billion. Street is currently looking for full-year 2013 earnings of $0.90 per share on annual revenues of $6.96 billion.
Adjusted results exclude the impact of interest rate swap accounting, including mark-to-market adjustments and Medicare and Medicaid HCIT incentive payments, net of Medicaid rate reductions, for all periods.
To receive FREE breaking news email alerts for Health Management Assoc. and others in your portfolio
by RTT Staff Writer
For comments and feedback: editorial@rttnews.comBusiness News