Kindred Healthcare, Inc. (KND)

[ScovilleUnits]

Q3 Adj EPS 14c vs 5c Beats 3c Est; Guidance Varies from Consensus

Monday , November 02, 2009 17:56ET

QUARTER RESULTS
Kindred Healthcare Inc (KND) reported Q3 results ended September 2009. Q3 Revenues were $1,057.49M; +6.05% vs yr-ago; BEATING revenue consensus by +1.07%. Q3 EPS was 14c. Adjusted Q3 EPS was 14c; +180.00% vs yr-ago; BEATING earnings consensus by +366.67%.

Q3 RESULTS      Reported      Year-Ago     Y/Y Chg      Estimate    SURPRISE 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 Revenues:     $1,057.49M      $997.13M      +6.05%    $1,046.29M      +1.07% 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 EPS:                 14c           N/A         N/A           N/A         N/A 
 Adj EPS:             14c            5c    +180.00%            3c    +366.67% 
 ----------  ------------  ------------  ----------  ------------  ----------

GUIDANCE

Q4-09 Earnings Outlook [30c - 35c]: The Company also provided its earnings outlook for the fourth quarter of 2009, estimating diluted earnings per share between $0.30 to $0.35. The Q4-09 earnings forecast is in-line with current consensus estimates.

FY-09 Revenue Outlook [$4300M]: The Company expects consolidated revenues for 2009 to approximate $4.3 billion. The FY-09 revenue forecast is in-line with current consensus estimates.
FY-09 Earnings Outlook [$1.48 - $1.53]: Income from continuing operations for 2009 is expected to approximate $58 million to $60 million or $1.48 to $1.53 per diluted share The FY-09 earnings forecast is above current consensus estimates.

ADDITIONAL COMMENTARY:
The Company also provided its initial earnings guidance for 2010. Consolidated revenues are expected to approximate $4.5 billion. Income from continuing operations for 2010 is expected to approximate $48 million to $54 million or $1.20 to $1.35 per diluted share

ORIGINAL EARNINGS RELEASE ~ http://www.knobias.com/story.htm?eid=3.1.4a8059952bee1bae708c99eb2a0cdca44024e5191dbfaa665fd15a87771586c5
Consensus estimate data provided by Reuters.
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