Deutsche Bank On HWAY 1Q11 EPS

Deutsche Bank has issued a report regarding the below-estimated 1Q11 EPS results of Healthways Inc

. Deutsche Bank writes, "HWAY's 1Q11 results came in well below our and the Street's forecast from both a revenue and EPS perspective. Management described the quarter as 'fully consistent with expectations'. HWAY reaffirmed its 2011 guidance which assumes a steep performance ramp-up in 2H11. We are trimming our 2011 EPS ests but remain within the low-end of guidance." HWAY has a Hold rating and a $14 Price Target. HWAY closed at $14.01 a share yesterday.