Healthcare Services Group Inc reports results for the quarter ended March 31 - Earnings Summary

• Healthcare Services Group Inc HCSG.OQ reported quarterly adjusted earnings of 23 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 21 cents. The mean expectation of five analysts for the quarter was for earnings of 18 cents per share. Wall Street expected results to range from 16 cents to 21 cents per share.

• Revenue rose 5.7% to $447.66 million from a year ago; analysts expected $444.22 million.

• Healthcare Services Group Inc's reported EPS for the quarter was 23 cents​.

• The company reported quarterly net income of $17.23 million.

• Healthcare Services Group Inc shares had fallen by 6.6% this quarter and lost 19.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 14.5% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the business support services peer group is also "hold"

• Wall Street's median 12-month price target for Healthcare Services Group Inc is $12.50

This summary was machine generated from LSEG data April 23 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)