Recap: HMS Holdings Q2 Earnings

Shares of HMS Holdings HMSY were unchanged after the company reported Q2 results.

Quarterly Results

Earnings per share decreased 44.12% year over year to $0.19, which were in line with the estimate of $0.19.

Revenue of $142,654,000 declined by 15.18% from the same period last year, which missed the estimate of $154,300,000.

Looking Ahead

HMS Holdings projects FY20 net income of $66 million to $74 million.

The upcoming fiscal year's revenue expected to be between $680,000,000 and $690,000,000.

Details Of The Call

Date: Aug 07, 2020

Time: 08:30 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/52cukbn4

Technicals

52-week high: $40.67

52-week low: $18.20

Price action over last quarter: Up 13.58%

Company Profile

HMS Holdings Corp is a United States-based holding company that conducts businesses through its operating subsidiaries. The company offers services that help customers contain healthcare insurance benefit costs. Its primary offerings comprise coordination of benefits, payment integrity, and eligibility verification. The coordination of benefits service ensures the right party pays a health claim. The payment integrity service ensures the billing and/or payment is accurate and appropriate. The eligibility verification service ensures individuals meet qualifying criteria for healthcare programs. The company's customers include Medicaid agencies, government health agencies, health plans, government and private employers, and others. The company operates only within the United States.