NASDAQ$HCSG

Healthcare Services Group Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Reported revenue of $435.9 million and net income of $27.6 million.

Healthcare Services Group reported Q3 2020 results with revenue of $435.9 million and net income of $27.6 million, or $0.37 per basic and diluted common share. The company's Board of Directors declared a quarterly cash dividend of $0.205 per common share.

  • Revenue for the quarter was $435.9 million.
  • Net income for the quarter was $27.6 million, or $0.37 per basic and diluted common share.
  • Cash flow from operations was $49.2 million.
  • The Board of Directors declared a quarterly cash dividend of $0.205 per common share.

Headline financials

Total Revenue

$436M

Previous: $456M-4.3%
EPS (adj)

$0.37

Previous: $0.25+48.0%
Capital Expenditures

-$3.07M

Previous: -$3.38M+9.2%
Free Cash Flow

$24.6M

Previous: $15M+64.2%
Net Income

$27.6M

Previous: $18.3M+50.7%
Operating Income

-$405M

Previous: -$434M+6.8%
Gross Profit

$70.5M

Previous: $57.2M+23.3%
Cash & Equivalents

$110M

Previous: $40.6M+170.9%
Total Assets

$754M

Previous: $726M+3.9%
Stock-Based Comp

$1.99M

Previous: $1.81M+10.1%

Revenue & EPS history

HCSG · Revenue · Quarterly

$436M

Q3 2020-4.3%vs Q3 2019
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Forward guidance

The company maintains its sharp focus on delivering strong operational and financial results in Q4 and longer term, their growth outlook remains positive.

Tailwinds

  • The industry is much better prepared with enhanced operating protocols.
  • The company continue to be encouraged by the government’s ongoing financial support of the industry.
  • Government support is viewed as a necessary bridge from the short-term challenges to a more stable operating environment and, ultimately, a vaccine.
  • The company maintains its sharp focus on delivering strong operational and financial results in Q4.
  • Longer term, their growth outlook remains positive as their value proposition is more compelling than ever before.

Headwinds

  • The pandemic continues to create uncertainty around near-term occupancy and costs trends.
  • The current environment necessitates a cautious view on growth.

Historical earnings impact

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

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2020

Historical avgQ3 2020

+1.0%

Avg return

Earnings day

+1.5%

Avg return

5 days after

-2.3%

Avg return

30 days after

49%

34 / 69 earnings

Positive

+31.3%

Q4 2023

Best reaction

-23.2%

Q2 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+18.4%+12.1%+5.6%
Q4 2025+15.8%+12.2%+1.6%
Q3 2025+13.6%+14.3%+8.4%
Q2 2025-1.2%+0.8%+4.9%
Q1 2025+29.5%+46.5%+50.9%
Q4 2024-1.8%-0.6%+0.1%
Q3 2024+4.0%+6.4%+13.5%
Q2 2024-9.1%-2.6%-8.1%
Q1 2024-7.9%-9.1%-9.6%
Q4 2023+31.3%+28.6%+27.9%
Q3 2023-1.9%-6.3%+1.0%
Q2 2023-14.9%-14.2%-20.4%
Q1 2023+9.6%+10.2%+2.3%
Q4 2022+7.1%+13.4%+1.1%
Q3 2022-2.5%-2.8%+2.8%
Q2 2022-23.2%-23.2%-20.3%
Q1 2022+19.2%+10.1%+1.1%
Q4 2021-0.9%-3.6%+4.3%
Q3 2021-13.7%-14.3%-20.2%
Q2 2021-12.4%-13.7%-17.4%
Q1 2021+11.6%+13.5%+9.5%
Q4 2020-7.8%-9.4%-13.0%
Q3 2020+2.5%-0.2%-1.8%
Q2 2020-3.0%-2.9%-19.2%
Q1 2020+9.2%+8.5%+0.6%
Q4 2019+9.0%+10.6%-24.6%
Q3 2019-5.6%-4.1%-3.3%
Q2 2019-21.9%-17.5%-26.4%
Q1 2019-4.9%+1.4%-6.7%
Q4 2018-6.1%-6.7%-18.9%
Q3 2018+4.3%+5.6%+9.1%
Q2 2018-9.9%-7.7%-3.8%
Q1 2018-5.3%-2.8%-8.9%
Q4 2017-1.5%-4.0%-19.0%
Q3 2017-4.6%-3.4%-8.5%
Q2 2017+12.2%+14.1%+10.7%
Q1 2017+10.1%+8.5%+10.8%
Q4 2016+0.1%+3.4%+6.1%
Q3 2016-3.5%-4.7%-8.4%
Q2 2016-6.2%-7.2%-5.3%
Q1 2016+2.2%
Q4 2015-1.9%
Q3 2015-2.4%
Q2 2015-0.3%
Q1 2015+2.8%
Q4 2014+1.3%
Q3 2014+2.8%
Q2 2014-4.2%
Q1 2014+4.8%
Q4 2013+0.0%
Q3 2013-2.0%
Q2 2013+0.4%
Q1 2013+0.7%
Q4 2012-0.8%
Q3 2012-3.9%
Q2 2012+6.7%
Q1 2012+6.0%
Q4 2011+0.0%
Q3 2011+4.2%
Q2 2011-3.3%
Q1 2010-0.2%
Q1 2011+2.0%
Q4 2008+0.9%
Q4 2010+0.9%
Q3 2009-0.2%
Q3 2010-0.2%
Q2 2009+4.1%
Q2 2010+4.1%
Q4 2009+4.1%

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