Envision Healthcare Holdings, Inc. (EVHC) retreated -3.41% to reach at the floor price of $22.07 as the company is set to share its latest quarterly earnings after to closing bell on May 05, 2016. EVHC stock trades between $21.75 and $22.78 before the earnings release. Let’s take a closer look at the March 2016 earnings estimates, particularly the things investors should pay close attention to. Earnings (EPS) for the recently concluded quarter is projected to come in at $0.25/share with 1.55B in revenue.
Earnings Track Record: If history is anything to go by, Envision Healthcare Holdings, Inc. (EVHC) managed to beat quarterly EPS forecasts in 6 of the trailing three fiscal years , and has a positive trend with an average surprise of 60%%. Last time the company reported, Envision Healthcare Holdings, Inc. generated $0.35 in earnings per share, missing the mean forecast of $0.35. Revenues reached $1.48B in the December 2015 quarter, which was higher than the consensus $1.45B projection. On the other hand, in the September 2015 quarter it recorded a net $1.37B revenue with EPS of $0.3. Wall Street had projected $1.41B and $0.39, respectively. For comparison, there was a revenue of $1.35B and earnings of $0.37 in the June 2015 quarter.
Future Earnings: After upcoming financial results, all eyes will be on the outlook or guidance for the next reporting quarter (June 2016). Analysts, on average, predict Envision Healthcare Holdings, Inc. to earn $0.38 in earnings per share (EPS) on revenue of $1.64B. The earnings-per-share consensus range is $0.26-$0.41 on sales between $1.57B and $1.71B.
Stock Trend vs. Analyst View: The stock is trading up 20.54 percent versus 1-year low of $18.31 and stands -51.97 lower from its peak of $45.95. The consensus price target of $31 means that the market expects Company shares to increase by 40.46% in the short run. The sell-side target prices range from $24 to $37. In the last month the stock has moved in price 15.55 , with a one year change of -39.17%. The last trading session volume compares with the 3.00M average and market worth floats around $4.16B.
Recent Analyst Rating Changes: The buoyancy in the prospect of Envision Healthcare Holdings, Inc. (EVHC) is getting weaker by the somewhat negative sentiment (1.60on a 5-point scale) that brokerage firms have issued concerning it. Wall Street analysts on the average recommend the company shares as Buy. Citigroup has been covering shares of , so it’s most recent view is worth a look. In a research note released on December 22, 2015, analysts at Citigroup lifted the stock from *Buy* to Neutral. Another noteworthy analyst activity was recorded on October 22, 2015. Wells Fargo analytsts raised their recommendation for EVHC to Market Perform from *Outperform*.