Ardent Health Inc ARDT.N reported quarterly adjusted earnings of 52 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 34 cents. The mean expectation of eleven analysts for the quarter was for earnings of 30 cents per share. Wall Street expected results to range from 19 cents to 57 cents per share.
Revenue rose 11.9% to $1.65 billion from a year ago; analysts expected $1.55 billion.
Ardent Health Inc's reported EPS for the quarter was 52 cents.
The company reported quarterly net income of $72.95 million.
Ardent Health Inc shares had fallen by 24.5% this quarter and lost 39.6% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 50.9% in the last three months.
In the last 30 days, seven analysts negatively revised earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy," 1 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the healthcare facilities & services peer group is also "buy"
Wall Street's median 12-month price target for Ardent Health Inc is $21.00, about 49.3% above its last closing price of $10.65
This summary was machine generated from LSEG data August 5 at 10:42 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)