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

ModivCare

08/08/2024 01:31

* ModivCare Inc  MODV.OQ  reported a quarterly adjusted loss
of 3
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of $1.47. 
The mean expectation of six analysts for the quarter was
for earnings of 77 cents per share. Wall Street expected
results to range from 33 cents to $1.10 per share.
    * Revenue fell 0.1% to $698.30 million from a year ago;
analysts
expected $700.99 million. 
    * ModivCare Inc's reported EPS for the quarter was a loss of
$9.07​.
    * The company reported a quarterly loss of $128.88 million.
    * ModivCare Inc shares had fallen by 23.9% this quarter and
lost 54.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7.5%
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," 3
"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 ModivCare Inc is
$43.00 
This summary was machine generated from LSEG data August 8 at
12:30 a.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
 Jan. 1 0001       0.77           -0.03          Missed
 Mar. 31 2024      0.19           -0.09          Missed
 Dec. 31 2023      1.28           1.29           Beat
 Sep. 30 2023      1.11           1.44           Beat