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

Caremax

10/08/2024 01:10

* CareMax Inc  CMAX.OQ  reported a quarterly adjusted loss
of
$9.86​​ per share for the quarter ended in January, lower than
the same quarter last year, when the company reported EPS of
$-8.70.  The mean expectation of four analysts for the quarter
was for a loss of $7.62 per share. Wall Street expected
results to range from $-8.91 to $-6.33 per share.
    * Revenue fell 11.5% to $198.63 million from a year ago;
analysts
expected $221.41 million. 
    * CareMax Inc's reported EPS for the quarter was a loss of
$44.79​.
    * The company reported a quarterly loss of $170.56 million.
    * CareMax Inc shares had risen by 59.9% this quarter and
lost 70.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 5.7%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "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
$4.00 
This summary was machine generated from LSEG data August 10 at
12:10 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
 Jun. 30 2024      -7.62          -9.86          Missed
 Mar. 31 2024      -8.70          -11.49         Missed
 Dec. 31 2023      -4.73          -1.25 hundred  Missed
 Sep. 30 2023      -3.45          -27.60         Missed