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

Ati Physical Therapy

07/05/2024 04:48

* ATI Physical Therapy Inc  ATIP.N  reported a quarterly
adjusted
loss of $4.61​​ per share for the quarter ended in January,
higher than the same quarter last year, when the company
reported EPS of $-7.50.  The mean expectation of two analysts
for the quarter was for a loss of $4.37 per share. 
    * Revenue rose 8.7% to $181.47 million from a year ago;
analysts
expected $181.90 million. 
    * ATI Physical Therapy Inc's reported EPS for the quarter
was a
loss of $4.61​.
    * The company reported a quarterly loss of $19.27 million.
    * ATI Physical Therapy Inc shares had fallen by 17.0% this
quarter and lost 24.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 16.8%
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 $7.00 
This summary was machine generated from LSEG data May 7 at 03:48
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
 Mar. 31 2024      -4.37          -4.61          Missed
 Dec. 31 2023      -3.74          -2.15          Beat
 Sep. 30 2023      -4.79          -3.65          Beat
 Jun. 30 2023      -3.53          -17.74         Missed