Examworks Group Shares Up 9.8% Following Strong Earnings (EXAM)
Examworks Group (NASDAQ:EXAM) shot up 9.8% during mid-day trading on Wednesday following a stronger than expected earnings report, AnalystRatingsNetwork reports. The company traded as high as $36.17 and last traded at $35.60, with a volume of 1,307,307 shares trading hands. The stock had previously closed at $32.41.
The company reported $0.09 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.04 by $0.05. The company had revenue of $196.45 million for the quarter, compared to the consensus estimate of $184.52 million. During the same quarter in the prior year, the company posted ($0.08) earnings per share. The company’s quarterly revenue was up 25.8% on a year-over-year basis.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Examworks Group in a research note on Friday, July 18th. They now have a $40.00 price target on the stock, up previously from $38.00. Separately, analysts at Needham & Company LLC cut their price target on shares of Examworks Group from $43.00 to $38.00 in a research note on Tuesday, June 10th. They now have a “buy” rating on the stock.
The stock’s 50-day moving average is $31.27 and its 200-day moving average is $32.59. The company’s market cap is $1.378 billion.
ExamWorks Group, Inc (NASDAQ:EXAM) is a provider of independent medical examinations (IMEs), peer and bill reviews, and related services, referred to as IME services or the IME industry.
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