CareMax Inc reports results for the quarter ended in December - Earnings Summary

Caremax

18/03/2024 13:31

* CareMax Inc  CMAX.OQ  reported a quarterly adjusted loss
of
$124.53​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of $23.70.  The mean expectation of four analysts for the
quarter was for a loss of $4.73 per share. Wall Street expected
results to range from $-10.51 to $-1.20 per share.
    * Revenue fell 7.6% to $151.84 million from a year ago;
analysts
expected $190.83 million. 
    * CareMax Inc's reported EPS for the quarter was a loss of
$124.53​.
    * The company reported a quarterly loss of $465.77 million.
    * CareMax Inc shares had fallen by 62.9% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 23.1%
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," 4
"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 CareMax Inc is
$48.75 
This summary was machine generated from LSEG data March 18 at
01:30 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
 Dec. 31 2023      -4.73          -1.25 hundred  Missed
 Sep. 30 2023      -3.45          -27.60         Missed
 Jun. 30 2023      -2.25          -8.70          Missed
 Mar. 31 2023      -4.35          -22.20         Missed