ATI Physical Therapy Inc reports results for the quarter ended in January 1 - Earnings Summary

Ati Physical Therapy

05/11/2024 08:00

* ATI Physical Therapy Inc  ATIP.N  reported a quarterly
adjusted
loss of $9.38​​ per share for the quarter ended January 1, lower
than the same quarter last year, when the company reported EPS
of $-3.65.  The mean expectation of two analysts for the quarter
was for a loss of $3.08 per share. Wall Street expected
results to range from $-3.12 to $-3.04 per share.
    * Revenue rose 7.1% to $189.99 million from a year ago;
analysts
expected $185.13 million. 
    * ATI Physical Therapy Inc's reported EPS for the quarter
was a
loss of $9.38​.
    * The company reported a quarterly loss of $40.85 million.
    * ATI Physical Therapy Inc shares had fallen by 15.6% this
quarter and lost 16.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.3%
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 "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the healthcare
facilities & services peer group is also "hold"

Wall Street's median 12-month price target for ATI Physical
Therapy Inc is $5.50 
This summary was machine generated from LSEG data November 5 at
07:59 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      -3.08          -9.38          Missed
 Jun. 30 2024      -2.63          -2.43          Beat
 Mar. 31 2024                     -4.61          
 Dec. 31 2023      -3.74          -2.15          Beat