Healthcare Services (HCSG, Financial) has announced its first-quarter revenue figures, revealing a total of $447.66 million. This performance outstripped analyst expectations, which were set at $443.91 million, marking the company's strongest quarterly revenue and cash flow achievements in half a decade.
This outstanding financial result has been largely attributed to new client acquisitions, which fueled significant organic growth. Furthermore, the company's collections surpassed its revenue for the quarter, contributing to the strengthening of its balance sheet.
Building on this positive momentum, HCSG is strategically focused on executing its growth plans through 2025. The company aims to maintain sustainable and profitable outcomes in the coming year, leveraging its recent achievements as a strong foundation for future success.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 4 analysts, the average target price for Healthcare Services Group Inc (HCSG, Financial) is $13.50 with a high estimate of $17.00 and a low estimate of $12.00. The average target implies an
upside of 43.46%
from the current price of $9.41. More detailed estimate data can be found on the Healthcare Services Group Inc (HCSG) Forecast page.
Based on the consensus recommendation from 5 brokerage firms, Healthcare Services Group Inc's (HCSG, Financial) average brokerage recommendation is currently 2.8, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Healthcare Services Group Inc (HCSG, Financial) in one year is $13.39, suggesting a
upside
of 42.3% from the current price of $9.41. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Healthcare Services Group Inc (HCSG) Summary page.
