Adapthealth Corp reports results for the quarter ended in March - Earnings Summary
07/05/2024 16:20
* Adapthealth Corp AHCO.OQ reported a quarterly adjusted
loss
of 2 cents per share for the quarter ended in March, lower
than the same quarter last year, when the company reported EPS
of 11 cents. The mean expectation of ten analysts for the
quarter was for earnings of 5 cents per share. Wall Street
expected results to range from -3 cents to 9 cents per share.
* Revenue rose 6.4% to $792.50 million from a year ago;
analysts
expected $769.87 million.
* Adapthealth Corp's reported EPS for the quarter was a loss
of 2
cents.
* The company reported a quarterly loss of $2.13 million.
* Adapthealth Corp shares had fallen by 7.9% this
quarter and
gained 45.4% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by
about 19%
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 May 7 at 03:19
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 0.05 -0.02 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