Jefferies Lowers LHC Group FY10 Estimates

On Friday, LHC Group LHCG lowered its FY10 EPS guidance to $2.65-$2.75 (from $2.75-$2.85) to account for the potential impact that CY11 reimbursement changes (-4.89%) could have on episodes that begin in 4Q10 but end in 2011, Jefferies reports. “We are making a similar adjustment by lowering our FY10 estimate to $2.72 (from $2.78),” Jefferies writes. LHC Group closed Friday at $24.74.