Earnings from Healthcare Services Group Inc. [HCSG] are scheduled on April 21, 2021, before the market opens. It is expected that the company will report strong earnings for the quarter ending Mar 2021.
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HCSG Stock Earnings Outlook For The Current Quarter
The consensus estimates for the quarter suggest that the company would earn $0.27 per share on revenue of $404.99M. Taking a look at the future, the company is projected to report revenue of $406.9M at an earnings per share of $0.27 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 5.30% in revenue and 11.78% in earnings per share for the company.
HCSG Stock Earnings Forecast For The Current Year
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For the full financial year, Healthcare Services Group Inc. [NASDAQ:HCSG] is forecasted to generate revenue of $1.65B. The figure is about $-110.0 million below what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be $1.11 in 2021, which is -$0.21 lower than the figure in FY20. Based on current estimates, earnings are expected to grow -15.90% this year, 11.70% next year, and 9.00% annually over the next five years. With regard to sales, forecasts suggest a decline of -6.10% in current fiscal year and 5.30% over following year.
HCSG Stock Price Performance
At the close of Tuesday’s session, Healthcare Services Group Inc. [NASDAQ:HCSG] finished down -2.00% at $27.93. The stock’s highest single-day price was $28.65, and its lowest was $27.84. Its price fall -2.00% in the last five days. Since the beginning of the year, Healthcare Services Group Inc.’s shares are down nearly -0.60%. However, the share price is -21.98% below its one year high. The top price reached by the shares of the company was $35.80 on 01/27/21, while the 52-week low came on 03/25/21, when the shares were $26.81. In the past year, shares of the company have risen 27.83%. At 50 days, the moving average achieved is $29.14 while at 200 days, the moving average is $26.03. There were 0.8 million shares traded in the last session, up from 0.29 million in the previous session.
Healthcare Services Group Inc. [NASDAQ:HCSG] Stock Valuation Metrics
With a prevailing 12-month PE ratio of 21.16, Healthcare Services Group Inc. [HCSG] does qualify as a good candidate for the list of underestimated low-priced stocks that should be purchased sooner rather than later. By this measure, the company’s stock is trading at a discount to the industry average of 31.98 times trailing earnings. Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 1.18 PS value ratio is reported for the last one year of reported earnings. This is below the average return 2.61 for the industry, which means HCSG offers an attractive investment opportunity than its competitors do.
HCSG Share Price Support And Resistance Levels
Based on the daily chart, the immediate backing lies around the 27.93 level, and the violation of this level will cause a further drop to 27.63 level. At the upper end, 29.25 remains a key resistance. As the stock increases, it may find resistance at 28.95. In the 14-day chart, the Relative Strength Index standing at 41.47 suggests a technical neutral stance while the MACD standing at -0.05 indicates price will decrease in the next trading period. Stochastic %K at 49.34% suggests holding the stock while Percent R indicator at 91.61% suggests bearish price movement.
How much is the short interest in Healthcare Services Group Inc.?
There have been a drop in short interest in the Healthcare Services Group Inc. Financial stock, with short interest up by 1.17 million shares to 10.68 million shares on Feb 25, 2021. According to data provided by Yahoo Finance, the short interest on Mar 30, 2021 stood at 11.85 million shares. This -10.96% decrease suggests some bullish sentiment was experienced by the stock. Shorted shares accounted for just 20.67% of the overall float in the stock, while the stock’s days to cover moved to 21.45.
How do analysts view Healthcare Services Group Inc.?
In regard to the share price forecast for Healthcare Services Group Inc. stock, the analysts, as surveyed by FactSet, forecast the price to reach $30.00 in the next twelve months, representing almost an 6.9% growth from its recent price of $27.93. Among Healthcare Services Group Inc. stock projections, $40.00 is the highest analyst target for the stock, while $27.00 is the lowest. Despite this, 9 analysts who share their consensus rating for HCSG in 2021 agree that the stock is a Hold. The latest rating change took place on 2/11/21, when Credit Suisse Ratings launched coverage of the stock at “Neutral” and assigned a price target of $31.0.