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

DocGo

09/05/2024 16:54

* DocGo Inc  DCGO.OQ  reported quarterly adjusted earnings
of 10
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of -3
cents.  The mean expectation of seven analysts for the quarter
was for earnings of 8 cents per share. Wall Street expected
results to range from 5 cents to 11 cents per share.
    * Revenue rose 70% to $192.09 million from a year ago;
analysts
expected $187.93 million. 
    * DocGo Inc's reported EPS for the quarter was 10 cents​.
    * The company reported quarterly net income of $11.23
million.
    * DocGo Inc shares had fallen by 13.4% this quarter and
lost 37.4%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 12.3%
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 "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the healthcare
facilities & services peer group is also "buy"

Wall Street's median 12-month price target for DocGo Inc is
$7.00 
This summary was machine generated from LSEG data May 9 at 03:54
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      0.08           0.10           Beat
 Dec. 31 2023      0.10           0.07           Missed
 Sep. 30 2023      0.06           0.05           Missed
 Jun. 30 2023      0.03           -0.02          Missed