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

Ati Physical Therapy

05/08/2024 22:57

* ATI Physical Therapy Inc  ATIP.N  reported a quarterly
adjusted
loss of $2.43​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of $-17.74.  The mean expectation of two analysts for the
quarter was for a loss of $2.63 per share. 
    * Revenue rose 9.2% to $188.11 million from a year ago;
analysts
expected $190.00 million. 
    * ATI Physical Therapy Inc's reported EPS for the quarter
was a
loss of $2.43​.
    * The company reported a quarterly loss of $10.56 million.
    * ATI Physical Therapy Inc shares had risen by 46.6% this
quarter and gained 6.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 20.8%
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 $5.30 
This summary was machine generated from LSEG data August 5 at
09:56 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
 Jun. 30 2024      -2.63          -2.43          Beat
 Mar. 31 2024      -4.37          -4.61          Missed
 Dec. 31 2023      -3.74          -2.15          Beat
 Sep. 30 2023      -4.79          -3.65          Beat