Morgan Keegan Comments On VCA Antech Q1 Results

According to Morgan Keegan, VCA Antech WOOF reported first quarter EPS of $0.33, a cent below estimate and $0.02 below consensus. Morgan Keegan said that management reports that the results were better than it expected earlier this year when it issued its $1.42-$1.52 EPS guidance, which it reiterated. “We expect continued improvement from the recession, albeit at a slow pace. We are maintaining our 2011 EPS estimate of $1.47 and raising our 2012 estimate from $1.66 to $1.69.” VCA Antech closed yesterday at $24.82.