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

ModivCare

03/05/2024 24:30

* ModivCare Inc  MODV.OQ  reported a quarterly adjusted loss
of 9
cents​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of $1.42. 
The mean expectation of six analysts for the quarter was
for earnings of 19 cents per share. Wall Street expected
results to range from -18 cents to 39 cents per share.
    * Revenue rose 3.3% to $684.45 million from a year ago;
analysts
expected $663.87 million. 
    * ModivCare Inc's reported EPS for the quarter was a loss of
$1.57​.
    * The company reported a quarterly loss of $22.3 million.
    * ModivCare Inc shares had fallen by 4.9% this quarter and
lost 49.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 85.3%
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 May 2 at 11:30
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      0.19           -0.09          Missed
 Dec. 31 2023      1.28           1.29           Beat
 Sep. 30 2023      1.11           1.44           Beat
 Jun. 30 2023      1.62           1.47           Missed