RadNet Inc. Stock Downgraded (RDNT)
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- The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Health Care Providers & Services industry. The net income has significantly decreased by 1109.0% when compared to the same quarter one year ago, falling from -$0.11 million to -$1.34 million.
- Net operating cash flow has declined marginally to $15.22 million or 1.36% when compared to the same quarter last year. Despite a decrease in cash flow RADNET INC is still fairing well by exceeding its industry average cash flow growth rate of -41.38%.
- RADNET INC's earnings have gone downhill when comparing its most recently reported quarter with the same quarter a year earlier. This company has reported somewhat volatile earnings recently. We feel it is likely to report a decline in earnings in the coming year. During the past fiscal year, RADNET INC increased its bottom line by earning $1.62 versus $0.19 in the prior year. For the next year, the market is expecting a contraction of 81.5% in earnings ($0.30 versus $1.62).
- This stock's share value has moved by only 17.83% over the past year. The fact that the stock is now selling for less than others in its industry in relation to its current earnings is not reason enough to justify a buy rating at this time.
- Despite its growing revenue, the company underperformed as compared with the industry average of 13.2%. Since the same quarter one year prior, revenues slightly increased by 6.7%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
-- Written by a member of TheStreet Ratings Staff
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