Citi Reports 4Q10 Results Above Expectations For Universal Health Services

In a report published by Citi, Universal Health Services UHS saw 4Q10 results slightly above expectations and its outlook is favorable. In the report, Citi said that, excluding 20c of nonrecurring items, UHS reported 4Q EPS of 61c, inline with Street estimates on revenue of $1.56b ($1.54b consensus). “We estimate EBITDA ex-nonrecurring of $215m vs. $200m consensus. Results include PSI results since the mid-Nov close. More importantly, strong 2011 initial guidance and positive comments about an improvement in the Vegas market should be favorably received by the market tomorrow propelling the stock closer to our $53 target.” Universal Health Services closed yesterday at $45.71.