) sure didn't waste any time becoming a top performer. The operator
of laser eye surgery centers made the
Zacks #1 Rank List
on Friday, and today it soared by nearly 31%; no other company even
Furthermore, volume eclipsed 730,000 Monday, compared to the daily
average of around 100,000.
LCAV announced some very impressive data last week. In the fourth
quarter, procedures jumped by 30% year over year (14,205 vs.
10,891). Same-store procedures advanced by 33%.
The company is still expected to report losses for 2011 and 2012,
but, since the above announcement, those losses have narrowed
significantly. The Zacks Consensus Estimate for last year is
currently a loss of 39 cents, but that has narrowed by 14 cents in
just the past 7 days.
As for the current year, the Zacks Consensus Estimate for a 15-cent
loss has narrowed by as much as 28 cents in the same timeframe.
It should be noted that there is currently only one analyst
covering the company.
LCAV is scheduled to report its fourth-quarter results on Feb. 14.
At the moment, the Zacks Consensus Estimate is at a loss of 15
cents per share. Much like the annual expectations, there has been
a significant narrowing in the past week.
The company announced a loss of 20 cents per share in its third
quarter, which matched the Zacks Consensus Estimate. Revenue
improved by 7.5%.
LCAV continues to gain market share, and is also moving to
diversify by expanding into cataract and premium intraocular lens
(IOL) surgeries. The company said it is adding a co-management
offering to provide a referral base for LASIK, cataract and premium
LCA-VISION INC (
): Free Stock Analysis Report
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