Joint Corp reports results for the quarter ended in March - Earnings Summary

Joint

03/05/2024 17:03

* Joint Corp  JYNT.OQ  reported quarterly adjusted earnings
of 6
cents​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of 15
cents.  The mean expectation of five analysts for the quarter
was for a loss of one cent per share. Wall Street expected
results to range from -5 cents to 2 cents per share.
    * Revenue rose 4.5% to $29.72 million from a year ago;
analysts
expected $29.59 million. 
    * Joint Corp's reported EPS for the quarter was 6 cents​.
    * The company reported quarterly net income of $946
thousand.
    * Joint Corp shares had fallen by 1.5% this quarter and
gained 33.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 20%
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 "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"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 Joint Corp is
$13.50 
This summary was machine generated from LSEG data May 3 at 04:03
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      -0.01          0.06           Beat
 Dec. 31 2023      0.01           -0.75          Missed
 Sep. 30 2023      0.02           -0.05          Missed
 Jun. 30 2023      0.01           -0.01          Missed