Adapthealth Corp reports results for the quarter ended in September 30 - Earnings Summary
06/11/2024 04:52
* Adapthealth Corp AHCO.OQ reported quarterly adjusted
earnings
of 15 cents per share for the quarter ended September 30,
lower than the same quarter last year, when the company reported
EPS of 42 cents. The mean expectation of nine analysts for the
quarter was for earnings of 17 cents per share. Wall Street
expected results to range from 12 cents to 20 cents per share.
* Revenue rose 0.2% to $805.86 million from a year ago;
analysts
expected $809.30 million.
* Adapthealth Corp's reported EPS for the quarter was 15
cents.
* The company reported quarterly net income of $22.86
million.
* Adapthealth Corp shares had fallen by 9.6% this
quarter and
gained 39.2% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by
about 9.4%
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 no "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 November 6 at
04:52 a.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
Sep. 30 2024 0.17 0.15 Missed
Jun. 30 2024 0.16 0.13 Missed
Mar. 31 2024 0.05 -0.02 Missed
Dec. 31 2023 0.18 -1.91 Missed