Joint Q3 revenue misses analyst expectations

Joint

05/11/2026 22:05

Overview
Chiropractic clinic franchisor's Q3 revenue rose 1% yr/yr but missed analyst expectations
Net income from continuing operations increased to $1.5 mln from $290,000 a year ago
Company repurchased $3.8 mln in stock and authorized an additional $5 mln buyback

Outlook
Joint now sees 2026 system-wide sales between $508 mln and $512 mln, down from $519 mln-$552 mln
Joint maintains 2026 consolidated adjusted EBITDA guidance at $12.5 mln to $13.5 mln

Result Drivers
MEMBERSHIP GROWTH OFFSET - Co said higher active membership and lifetime value per member were partially offset by lower average patient spend and fewer new patients, citing macroeconomic challenges
RD ROYALTY REDUCTION - Lower cost of revenues attributed to reduced regional developer royalty costs from reacquired territories
OPERATING DISCIPLINE - General and administrative expenses fell due to cost controls and a leaner structure after refranchising

Company press release: ID:nGNX5F99Zy

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$13.6 mln
$14.85 mln (4 Analysts)
Q3 Loss Per Share
 
$0.01
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the healthcare facilities & services peer group is "buy."
Wall Street's median 12-month price target for Joint Corp is $9.00, about 19.8% above its November 4 closing price of $7.51
The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 28 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)