ModivCare Inc reports results for the quarter ended in June - Earnings Summary

ModivCare

04/08/2023 04:43

* ModivCare Inc  MODV.OQ  reported quarterly adjusted
earnings of
$1.47​​ per share for the quarter ended in June. The mean
expectation of six analysts for the quarter was for earnings of
$1.62 per share.
    * Revenue rose 11.3% to $699.11 million from a year ago;
analysts
expected $653.86 million. 
    * ModivCare Inc's reported EPS for the quarter was a loss of
$13.47​.
    * The mean earnings estimate of analysts had fallen by
about 1.8%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * ModivCare Inc shares had fallen by 18.2% this quarter and
lost 58.8% so far this year.
    * The company reported a quarterly loss of $190.94 million.
    * Wall Street's median 12-month price target for ModivCare
Inc is
$96.50 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 6 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 4 at 03:43 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      1.62           1.47           Missed
 Mar. 31 2023      1.50           1.42           Missed
 Dec. 31 2022      1.56           2.11           Beat
 Sep. 30 2022      1.62           1.61           Missed