ModivCare Inc reports results for the quarter ended in September 30 - Earnings Summary

ModivCare

07/11/2024 04:27

* ModivCare Inc  MODV.OQ  reported quarterly adjusted
earnings of
45 cents​​ per share for the quarter ended September 30, lower
than the same quarter last year, when the company reported EPS
of $1.44.  The mean expectation of six analysts for the quarter
was for earnings of 78 cents per share. Wall Street expected
results to range from 26 cents to $1.28 per share.
    * Revenue rose 2.2% to $702.04 million from a year ago;
analysts
expected $714.92 million. 
    * ModivCare Inc's reported EPS for the quarter was a loss of
$1.87​.
    * The company reported a quarterly loss of $26.6 million.
    * ModivCare Inc shares had risen by 14.0% this quarter and
lost 63.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 30%
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 4 "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 ModivCare Inc is
$24.00 
This summary was machine generated from LSEG data November 7 at
04:27 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
 Sep. 30 2024      0.77           0.45           Missed
 Jun. 30 2024      0.77           -0.03          Missed
 Jan. 1 0001       0.19           -0.09          Missed
 Dec. 31 2023      1.28           1.29           Beat