Recap: Healthcare Services Group Q3 Earnings

Shares of Healthcare Services Group HCSG remained unaffected in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share rose 48.00% over the past year to $0.37, which beat the estimate of $0.27.

Revenue of $435,947,000 declined by 4.31% from the same period last year, which missed the estimate of $435,970,000.

Looking Ahead

Healthcare Services Group hasn't issued any earnings guidance for the time being.

Healthcare Services Group hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Oct 21, 2020

Time: 08:30 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestor.hcsgcorp.com%2F&eventid=2626908&sessionid=1&key=18B4CCB2537B72D203640685D2F8B74C&regTag=&sourcepage=register

Recent Stock Performance

Company's 52-week high was at $31.30

52-week low: $15.80

Price action over last quarter: down 11.03%

Company Overview

Healthcare Services Group Inc is a provider of housekeeping and facility-management services to the healthcare industry. The company operates two business segments, both contributing roughly equally to the company's revenue: housekeeping, laundry, linen, and other services; and dietary department services. Housekeeping includes management of clients' housekeeping departments, cleaning, disinfecting and sanitizing, laundry, and bed linen and uniform services. Dietary consists of food purchasing, meal preparation, and providing dietitian consulting services. Its clients are primarily nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States of America.