Adapthealth Corp reports results for the quarter ended in June - Earnings Summary
06/08/2024 14:52
* Adapthealth Corp AHCO.OQ reported quarterly adjusted
earnings
of 13 cents per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of 9 cents. The mean expectation of ten analysts for the
quarter was for earnings of 16 cents per share. Wall Street
expected results to range from 4 cents to 21 cents per share.
* Revenue rose 1.6% to $805.98 million from a year ago;
analysts
expected $802.63 million.
* Adapthealth Corp's reported EPS for the quarter was 13
cents.
* The company reported quarterly net income of $19.44
million.
* Adapthealth Corp shares had risen by 9.7% this quarter and
gained 50.5% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by
about 9.3%
in the last three months.
* In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.
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 $13.00
This summary was machine generated from LSEG data August 6 at
01:51 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
Jan. 1 0001 0.16 0.13 Missed
Mar. 31 2024 0.05 -0.02 Missed
Dec. 31 2023 0.18 -1.91 Missed
Sep. 30 2023 0.19 0.42 Beat