Evolent Health Inc expected to post earnings of 7  cents a share - Earnings Preview

Evolent Health

01/11/2023 02:44

* Evolent Health Inc  EVH.N   EVH  is expected to show a
rise in
quarterly revenue when it reports  results on November 2. 
    * The Arlington Virginia-based  company is expected to
report  a
44.4% increase in revenue to $509.24 million from $352.59
million a year ago, according to the mean estimate from 10
analysts, based on LSEG data. The company's guidance on August 2
2023, for the period ended September 30, was for revenue between
$500.00 million and $520.00 million.
    * ​Refinitiv's mean analyst estimate for Evolent Health Inc
is for
earnings of 7 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Evolent
Health
Inc is $46​, above​ its last closing price of $24.43. ​​​

The company's guidance on August 2 2023 for the period ended
September 30 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between USD500 million and
USD47 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2023  0.12        0.11       0.14      Beat    24
 Mar. 31 2023  0.21        0.20       0.21      Beat    3.7
 Dec. 31 2022  0.20        0.16       0.10      Missed  -39.1​
 Sep. 30 2022  0.13        0.12       0.59      Beat    397.6
 ​​Jun.        0.05        0.05       0.10      Beat    105.9
 30 2022                                                
 Mar. 31 2022  0.00        0.00       0.12      Beat    6,100​
 Dec. 31 2021  0.00        0.01       0.08      Beat    860.4
 Sep. 30 2021  -0.02       -0.03      -0.03     Met     8.7
 This summary was machine generated November 1 at 02:44 GMT.  All
figures in US dollars  unless otherwise stated