When AIQ Reports, Morgan Keegan Expects Adjusted EBITDA Of $37.2 Million

When Alliance Healthcare Services, Inc. (NYSE: AIQ) reports this Thursday, April 28, Morgan Keegan said that it expects adjusted EBITDA if $37.2 million, “a 7.5% decline from the prior year period.”

“We consider this a better indicator of profitability than EPS due to high amounts of noncash depreciation and amortization,” Morgan Keegan writes. “Our EPS estimate of ($0.04) is $0.02 below the First Call consensus.

“Our Market Perform rating is a reflection of an operating environment of reduced demand for imaging services. We believe the company is performing well given these constraints. Recent accretive acquisitions help offset economic-related demand pressures.”

Alliance Healthcare Services closed Thursday at $4.61.