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

Caremax

10/05/2024 24:21

* CareMax Inc  CMAX.OQ  reported a quarterly adjusted loss
of
$11.49​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of
$-22.20.  The mean expectation of four analysts for the quarter
was for a loss of $8.70 per share. Wall Street expected
results to range from $-9.14 to $-8.26 per share.
    * Revenue rose 34.3% to $232.25 million from a year ago;
analysts
expected $197.24 million. 
    * CareMax Inc's reported EPS for the quarter was a loss of
$11.49​.
    * The company reported a quarterly loss of $43.41 million.
    * CareMax Inc shares had fallen by 31.1% this quarter and
lost 77.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 65%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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
$5.70 
This summary was machine generated from LSEG data May 9 at 11:20
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
 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
 Jun. 30 2023      -2.25          -8.70          Missed