Picture of Acadia Healthcare logo

ACHC — Acadia Healthcare News Story

0.000.00%
us flag iconLast trade - 00:00
HealthcareAdventurousMid CapNeutral

Acadia Healthcare Q3 revenue slightly beats estimates on admissions growth

Overview

Acadia Healthcare Q3 revenue grows 4.4% yr/yr, slightly beating analyst expectations

Adjusted EBITDA for Q3 misses analyst expectations, reflecting lower volumes and startup losses

The  provider of inpatient behavioral health care services lowers FY guidance for revenue, adjusted EBITDA, and adjusted EPS

Outlook

Acadia lowers full-year revenue guidance to $3.28 bln-$3.30 bln

Company reduces full-year adjusted EBITDA guidance to $650 mln-$660 mln

Acadia cuts full-year adjusted EPS forecast to $2.35-$2.45

Result Drivers

ADMISSIONS GROWTH - Same-facility admissions increased 3.3% due to targeted referral initiatives

PORTFOLIO OPTIMIZATION - Co is optimizing its portfolio to reduce capital expenditures and increase free cash flow

STARTUP LOSSES - Startup losses from new facilities totaled $13.3 mln, impacting adjusted EBITDA

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 RevenueSlight Beat*$851.57 mln$849.20 mln (11 Analysts)
Q3 Net Income$38.32 mln
Q3 Adjusted EBITDAMiss$173 mln$178.60 mln (11 Analysts)
*Applies to a deviation of less than 1%; not applicable for per-share numbers. Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell" The average consensus recommendation for the healthcare facilities & services peer group is "buy" Wall Street's median 12-month price target for Acadia Healthcare Company Inc is $28.00, about 26.2% above its November 4 closing price of $20.66 The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago Press Release: ID:nBwbvCShga For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Recent news on Acadia Healthcare

See all news