Adapthealth Corp reports results for the quarter ended in December - Earnings Summary

AdaptHealth

27/02/2024 14:31

* Adapthealth Corp  AHCO.OQ  reported a quarterly adjusted
loss of
$1.91​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of -2
cents.  The mean expectation of ten analysts for the quarter was
for earnings of 18 cents per share. Wall Street expected
results to range from 12 cents to 23 cents per share.
    * Revenue rose 10% to $858.23 million from a year ago;
analysts
expected $825.44 million. 
    * Adapthealth Corp's reported EPS for the quarter was a loss
of
$1.91​.
    * The company reported a quarterly loss of $254.5 million.
    * Adapthealth Corp shares had risen by 4.7% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.4%
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 6 "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the medical
equipment,
supplies & distribution peer group is also "buy"

Wall Street's median 12-month price target for Adapthealth Corp
is $10.00 
This summary was machine generated from LSEG data February 27 at
02:31 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
 Dec. 31 2023      0.18           -1.91          Missed
 Sep. 30 2023      0.19           0.42           Beat
 Jun. 30 2023      0.10           0.09           Missed
 Mar. 31 2023      0.08           0.11           Beat