Hanger Reports Fourth Quarter 2020 Results
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Hanger, Inc. (HNGR) Tops Q4 EPS by 41c, Revenues Beat; Offers FY21 Revenues Outlook
March 1, 2021 4:16 PM ESTHanger, Inc. (OTC: HNGR) reported Q4 EPS of $0.36, $0.41 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $277.34 million versus the consensus estimate of $261.06 million.
Financial Highlights for the Fourth Quarter of 2020
Net revenue was $277.3 million for the three months ended December 31, 2020, compared to $300.9 million for the same period in 2019, reflecting a decrease of 7.8 percent. Net same clinic revenue on a day-adjusted basis declined by 10.6 percent compared to the same period in 2019, as patient volumes continued to be impacted by the COVID-19 pandemic.Net income was $16.1 million for... More