Aveanna Healthcare Holdings Inc reports results for the quarter ended in January - Earnings Summary

Aveanna Healthcare Holdings

08/08/2024 14:31

* Aveanna Healthcare Holdings Inc  AVAH.OQ  reported
quarterly
adjusted earnings of 1 cent​​ per share for the quarter ended in
January, higher than the same quarter last year, when the
company reported EPS of -2 cents.  The mean expectation of
eight analysts for the quarter was for a loss of 2 cents per
share. Wall Street expected results to range from -3 cents to -1
cents per share.
    * Revenue rose 7% to $504.96 million from a year ago;
analysts
expected $493.36 million. 
    * Aveanna Healthcare Holdings Inc's reported EPS for the
quarter
was 7 cents​.
    * The company reported quarterly net income of $13.91
million.
    * Aveanna Healthcare Holdings Inc shares had risen by 24.3%
this
quarter and gained 28.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.7%
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 1 "strong buy" or "buy," 5
"hold" and 2 "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 Aveanna
Healthcare Holdings Inc is $2.75 
This summary was machine generated from LSEG data August 8 at
01:31 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      -0.02          0.01           Beat
 Mar. 31 2024      -0.05          -0.03          Beat
 Dec. 31 2023      -0.02          -0.02          Met
 Sep. 30 2023      -0.03          -0.03          Met