Acadia Healthcare Company Inc reports results for the quarter ended in March - Earnings Summary

Acadia Healthcare

02/05/2024 24:17

* Acadia Healthcare Company Inc  ACHC.OQ  reported quarterly
adjusted earnings of 84 cents​​ per share for the quarter ended
in March, higher than the same quarter last year, when the
company reported EPS of 75 cents.  The mean expectation of
twelve analysts for the quarter was for earnings of 81 cents per
share. Wall Street expected results to range from 78 cents to 84
cents per share.
    * Revenue rose 9.1% to $768.05 million from a year ago;
analysts
expected $779.17 million. 
    * Acadia Healthcare Company Inc's reported EPS for the
quarter was
83 cents​.
    * The company reported quarterly net income of $76.38
million.
    * Acadia Healthcare Company Inc shares had fallen by 6.7%
this
quarter and lost 4.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the healthcare
facilities & services peer group is also "buy"

Wall Street's median 12-month price target for Acadia Healthcare
Company Inc is $100.00 
This summary was machine generated from LSEG data May 1 at 11:16
p.m. UTC. ​All figures in US dollars unless otherwise stated.
(For questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      0.81           0.84           Beat
 Dec. 31 2023      0.79           0.85           Beat
 Sep. 30 2023      0.89           0.91           Beat
 Jun. 30 2023      0.86           0.92           Beat