Athenahealth 2Q Earnings Pregame Scorecard

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Having met analysts' estimates last quarter, athenahealth (NASDAQ:ATHN) is expected to deliver its latest earnings on Thursday, July 19, 2012.

Expectations

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Analysts currently expect athenahealth to come in with earnings of 16 cents per share on revenues of $103.8 million. Estimates from analysts range from 13 cents per share to 22 cents per share. Over the past two months, the average estimate has moved up from 14 cents.

Last Quarter's Results

In the first quarter, profit fell 25.3% to $2.4 million (7 cents a share) from $3.3 million (9 cents a share) the year earlier, meeting analyst expectations. Revenue rose 38.1% to $96.6 million from $69.9 million.

Stock Ratings

Analysts think investors should stand pat on athenahealth with 10 of 18 analysts rating it hold. Analyst sentiment has been waning recently, as the average rating has dropped slightly over the past three months.

Stock Movement

In terms of price changes, the stock's best recent streak was when it gained $6.58 per share between June 1, 2012 and June 8, 2012.

Company Fundamental Trends The company enters this earnings announcement with substantial revenue momentum. The company has averaged year-over-year revenue growth of 34.3% over the last four quarters. The company will look to use this earnings announcement to rebound after suffering income drops the past two quarters. Net income fell 27% during the fourth quarter of the last fiscal year and yet again in the first quarter.

Summary

Reporting Period: 2Q

Date of Release: Thursday, July 19, 2012

EPS: 16 cents

Revenue Estimate: $103.8 million

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)