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

ModivCare

02/11/2023 21:41

* ModivCare Inc  MODV.OQ  reported quarterly adjusted
earnings of
$1.44​​ per share for the quarter ended in September, lower than
the same quarter last year, when the company reported EPS of
$1.61.  The mean expectation of six analysts for the quarter was
for earnings of $1.11 per share. Wall Street expected results to
range from 73 cents to $1.62 per share.
    * Revenue rose 6% to $686.93 million from a year ago;
analysts
expected $699.21 million. 
    * ModivCare Inc's reported EPS for the quarter was a loss
of 30
cents​.
    * The company reported a quarterly loss of $4.3 million.
    * ModivCare Inc shares had risen by 32.1% this quarter and
lost 53.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 41.4%
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
"strong buy"
and the breakdown of recommendations is 6 "strong buy" or
"buy," no "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 ModivCare Inc is
$59.00 
This summary was machine generated from LSEG data November 2 at
09:41 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      1.11           1.44           Beat
 Jun. 30 2023      1.62           1.47           Missed
 Mar. 31 2023      1.50           1.42           Missed
 Dec. 31 2022      1.56           2.11           Beat