February 17, 2015 - This Weeks Free Stock Pick - Investing in Healthcare Facilities Earnings Growth
Kindred Healthcare (NYSE:KND) is a Zacks Rank #1 (Strong Buy) and has an outstanding valuation. Let's take a deeper look at KND as it is the Bull of the Day.
Kindred Healthcare is a Zacks Rank #1 (Strong Buy) and has an outstanding valuation. Let's take a deeper look at KND as it is the Bull of the Day.
Kindred Healthcare provides healthcare services via four divisions: Hospital, Nursing Center, Rehabilitation, and Care Management. As of February 20, 2014, Kindred Healthcare, Inc. provided healthcare services in 2,280 locations, including 101 transitional care hospitals, 5 inpatient rehabilitation hospitals, 100 nursing centers, 22 sub-acute units, and 104 inpatient rehabilitation units. The company is headquartered in Louisville, Kentucky.
We will get to the impressive valuation in a minute, but first let's take a look at the recent earnings history. The company is on a streak of four straight beats of the Zacks Consensus Estimate.
The most recent report was in November of 2014, and it was a beat of $0.01 when the company reported $0.11. This is down in absolute terms from the two cent beat in the June 2014 quarter, but up in terms of postive earnings surprise percentage. The June quarter saw a 6.25% positive earings surprise while the September quarter was a 10% positive earnings surprise.
2014 Zacks Consensus Estimate has held pretty steady, ranging only a penny on either side of the current $1.04 since August.
The 2015 Zacks Consensus Estimate has recently seen a big move higher from $1.15 to $1.28. That is what is driving it to the higher Zacks Rank of #1 (Strong Buy).
The valuation for KND is something that you would expect to see from a value play, but I tend to focus more on growth names. The 15x forward PE vs a 17x industry average is just the start of the good looking numbers. A 1.1x book multiple is great, but even better when the industry average is 2.3x. Even price to sales of 0.2x is great, but still at a discount to the industry average of 0.5x
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Disclosure: The author has no positions in any stocks mentioned, but may initiate a long position in KND over the next 72 hours.