NASDAQ$HCSG
Healthcare Services Group Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
HCSG reported Q3 2023 results with revenue in line with expectations and raised cash flow expectations.
HCSG's Q3 2023 results showed revenue of $411.4 million, with an adjusted revenue of $424.0 million. The company reported a net loss of $5.5 million, but an adjusted net income of $12.5 million. Adjusted diluted EPS increased by 13.3% over Q3 2022. The company also raised its expectations for the second half of 2023 cash flow from operations.
- Revenue of $411.4 million; adjusted revenue of $424.0 million, in line with expectations.
- Net income and diluted EPS of ($5.5) million and ($0.07); adjusted net income and adjusted diluted EPS of $12.5 million and $0.17, a 13.7% and 13.3% increase, respectively, over Q3 2022.
- Adjusted EBITDA of $23.2 million, a 10.2% increase over Q3 2022.
- Raises expectations for second half of 2023 cash flow from operations from a range of $20.0 million to $30.0 million, to $35.0 million to $45.0 million.
Headline financials
Revenue & EPS history
HCSG · Revenue · Quarterly
$411M
Forward guidance
The Company estimates Q4 revenue in the range of $420.0 million to $430.0 million.
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 2023
+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
| Quarter | Report date | Reaction (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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