NASDAQ$AMED

Amedisys Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Amedisys reported mixed results with revenue increase and net income decrease for Q4 2021.

Amedisys reported a slight increase in net service revenue for Q4 2021, rising to $559.3 million from $550.7 million in the same period of 2020. However, net income attributable to Amedisys, Inc. decreased to $34.0 million compared to $45.2 million in the previous year. The company issued 2022 guidance, anticipating adjusted net service revenue to be in the range of $2.330 billion to $2.365 billion and adjusted EBITDA in the range of $275 million to $285 million.

  • Net service revenue increased to $559.3 million from $550.7 million year-over-year.
  • Net income attributable to Amedisys, Inc. decreased to $34.0 million from $45.2 million year-over-year.
  • Adjusted net income attributable to Amedisys, Inc. was $38.8 million, compared to $49.5 million in 2020.
  • The company issued 2022 guidance with adjusted net service revenue anticipated between $2.330 billion and $2.365 billion.

Headline financials

Total Revenue

$559M

Previous: $551M+1.6%
EPS (adj)

$1.18

Previous: $1.49-20.8%
Capital Expenditures

$1.12M

Previous: $2.34M-52.3%
Free Cash Flow

$4.05M

Previous: $63.6M-93.6%
Net Income

$34M

Previous: $45.2M-24.8%
Operating Income

$48.2M

Previous: $62.2M-22.5%
Gross Profit

$242M

Previous: $244M-0.7%
Cash & Equivalents

$42.7M

Previous: $81.8M-47.8%
Total Assets

$1.86B

Previous: $1.57B+18.5%
Stock-Based Comp

$5.95M

Previous: $6.97M-14.7%

Revenue & EPS history

Amedisys · Revenue · Quarterly

$559M

Q4 2021+1.6%vs Q4 2020
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Forward guidance

Amedisys anticipates adjusted net service revenue to be in the range of $2.330 billion to $2.365 billion and adjusted EBITDA in the range of $275 million to $285 million.

Tailwinds

  • Adjusted net service revenue is anticipated to be in the range of $2.330 billion to $2.365 billion.
  • Adjusted EBITDA is anticipated to be in the range of $275 million to $285 million.
  • Adjusted diluted earnings per share is anticipated to be in the range of $5.23 to $5.45 based on an estimated 33.2 million shares outstanding.
  • Company continues to lead the industry in quality.
  • Company is working through new and innovative workforce optimization initiatives.

Headwinds

  • Guidance excludes the effects of any future acquisitions and potential share repurchases, if any are made.
  • COVID-19 has continued to impact the operating metrics typically used to forecast both growth and cost assumptions for both core Amedisys and Contessa.
  • Any future regulations or government interventions could impact the company's ability to achieve this guidance.
  • Spike in clinicians and business development staff on quarantine could impact the company's ability to achieve this guidance.
  • Staffing shortages due to current and proposed federal, state and local vaccine mandates could impact the company's 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 Q4 2021

Historical avgQ4 2021

-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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