As we can see that $HCSG has dropped by around 10% after earnings report.
Fundamental analysis:
HCSG reported 4th Quarter December 2020 earnings of $0.37 per share on revenue of $423.2 million. The consensus earnings estimate was $0.30 per share on revenue of $428.9 million. Revenue fell 5.3% compared to the same quarter a year ago.
As company reported revenue below estimates the share price dropped.
Also, I found one interesting fact on yahoo finance that there is an investigation is going on that the investigation concerns whether Healthcare Services and certain of its officers and/or directors have violated federal securities laws.
Technical analysis:
From technical side, it is on its strong Support at $31.0 per share. Also, interesting fact that $31.0 acted as resistance before as it was circled on the graph.
Overall analysis:
Before buying it do more analysis on investigation how serious it is. the rest is fine as the company reported rise on EPS and dividend, only revenue fell.
Company profile:
Healthcare Services Group Inc provides management, administrative and operating expertise and services to the housekeeping, laundry, linen, facility maintenance and dietary service departments of the health care industry in United States.
Fundamental analysis:
HCSG reported 4th Quarter December 2020 earnings of $0.37 per share on revenue of $423.2 million. The consensus earnings estimate was $0.30 per share on revenue of $428.9 million. Revenue fell 5.3% compared to the same quarter a year ago.
As company reported revenue below estimates the share price dropped.
Also, I found one interesting fact on yahoo finance that there is an investigation is going on that the investigation concerns whether Healthcare Services and certain of its officers and/or directors have violated federal securities laws.
Technical analysis:
From technical side, it is on its strong Support at $31.0 per share. Also, interesting fact that $31.0 acted as resistance before as it was circled on the graph.
Overall analysis:
Before buying it do more analysis on investigation how serious it is. the rest is fine as the company reported rise on EPS and dividend, only revenue fell.
Company profile:
Healthcare Services Group Inc provides management, administrative and operating expertise and services to the housekeeping, laundry, linen, facility maintenance and dietary service departments of the health care industry in United States.