NASDAQ$AMED

Amedisys Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported financial results for Q3 2022 and updated 2022 guidance.

Amedisys reported a net service revenue increase of $4.5 million to $558.0 million compared to $553.5 million in 2021. Net income attributable to Amedisys, Inc. was $25.6 million compared to $45.0 million in 2021, with adjusted diluted earnings per share of $1.15 compared to $1.53 in 2021.

  • Signed an innovative case rate arrangement with CVS/Aetna.
  • Signed a comprehensive care at home partnership with The University of Arkansas for Medical Science.
  • Enhancing benefit packages in 2023 and working on flexible scheduling to increase clinical capacity.
  • Focusing on centralization and automation to remove the administrative load for caregivers and care center leadership.

Headline financials

Total Revenue

$558M

Previous: $553M+0.8%
EPS (adj)

$1.15

Previous: $1.53-24.8%
Capital Expenditures

$1.56M

Previous: $2.24M-30.7%
Free Cash Flow

-$15.2M

Previous: $59.5M-125.5%
Net Income

$25.6M

Previous: $45M-43.1%
Operating Income

$38.9M

Previous: $56.8M-31.4%
Gross Profit

$236M

Previous: $243M-3.1%
Cash & Equivalents

$18M

Previous: $124M-85.6%
Total Assets

$1.98B

Previous: $1.94B+2.3%
Stock-Based Comp

$3.5M

Previous: $4.4M-20.5%

Revenue & EPS history

Amedisys · Revenue · Quarterly

$558M

Q3 2022+0.8%vs Q3 2021
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Forward guidance

Amedisys updated its 2022 guidance, anticipating adjusted net service revenue in the range of $2.224 billion to $2.230 billion, adjusted EBITDA in the range of $253 million to $258 million, and adjusted diluted earnings per share in the range of $4.82 to $4.93 based on an estimated 32.7 million shares outstanding.

Tailwinds

  • Adjusted net service revenue is anticipated to be in the range of $2.224 billion to $2.230 billion.
  • Adjusted EBITDA is anticipated to be in the range of $253 million to $258 million.
  • Adjusted diluted earnings per share is anticipated to be in the range of $4.82 to $4.93.
  • Guidance is based on the current operating environment.
  • The company is working on flexible scheduling and focusing on centralization and automation.

Headwinds

  • COVID-19 continues to evolve in its disruptions to the healthcare systems and the economy.
  • Any future regulations or government interventions could impact the ability to achieve this guidance.
  • Extension of the public health emergency could impact the ability to achieve this guidance.
  • Spike in clinicians and business development staff on quarantine could impact the ability to achieve this guidance.
  • Staffing shortages could impact the ability to achieve this guidance.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 15 quarterly earnings reports · overlaid with Q3 2022

Historical avgQ3 2022

-0.6%

Avg return

Earnings day

-0.5%

Avg return

5 days after

-5.0%

Avg return

30 days after

46%

32 / 70 earnings

Positive

+25.6%

Q2 2014

Best reaction

-25.3%

Q3 2013

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025
Q3 2025
Q2 2025+1.2%+1.0%
Q1 2025+0.2%-0.8%-1.6%
Q4 2024+0.1%+0.6%+1.5%
Q3 2024+0.9%-3.4%-10.4%
Q2 2024+0.0%+0.5%-0.2%
Q1 2024+0.0%+0.8%+5.5%
Q4 2023+0.9%+0.6%-1.6%
Q3 2023-0.8%-1.1%+1.8%
Q2 2023-0.6%-0.2%+2.5%
Q1 2023+4.2%+3.9%+2.8%
Q4 2022+5.4%+2.2%-23.6%
Q3 2022-9.0%-4.2%-10.7%
Q2 2022-3.8%+0.9%-4.5%
Q1 2022+0.4%-3.3%-10.5%
Q4 2021+5.8%+14.5%+18.4%
Q3 2021+0.1%+1.7%-20.2%
Q2 2021-22.8%-22.9%-29.3%
Q1 2021+0.2%
Q4 2020-6.2%
Q3 2020-1.9%
Q2 2020+3.7%
Q1 2020-3.3%
Q4 2019-2.1%
Q3 2019-1.5%
Q2 2019-1.9%
Q1 2019-6.3%
Q4 2018+0.0%
Q3 2018+17.3%
Q2 2018+11.1%
Q1 2018+7.2%
Q4 2017+2.3%
Q3 2017+4.8%
Q2 2017-20.9%
Q1 2017+4.4%
Q4 2016+4.7%
Q3 2016-10.1%
Q2 2016-7.1%
Q1 2016-7.0%
Q4 2015+12.3%
Q3 2015+10.8%
Q2 2015-3.2%
Q1 2015+6.0%
Q4 2014-5.4%
Q3 2014+16.2%
Q2 2014+25.6%
Q1 2014-1.0%
Q4 2013-10.0%
Q3 2013-25.3%
Q2 2013+17.8%
Q1 2013-2.8%
Q4 2012-8.7%
Q3 2012-5.0%
Q2 2012+12.5%
Q1 2012-1.2%
Q4 2011-0.6%
Q3 2011-23.8%
Q2 2011-10.7%
Q1 2011-6.4%
Q4 2010-8.0%
Q3 2010+1.3%
Q2 2010-7.9%
Q1 2009-4.3%
Q1 2010+2.6%
Q4 2007-1.3%
Q4 2009-1.3%
Q3 2008-5.7%
Q3 2009-5.7%
Q4 2008+7.6%
Q2 2008+7.6%
Q2 2009+7.6%

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