NextGen Healthcare: Hits six-month low on disappointing FY profit forecast

Nextgen Healthcare

27/05/2021 17:29

** Shares of medical technology company  NXGN.O  tumble
14.5% to a six-month low of $16.01; set for worst single-day
fall since June last year
    ** Co sees FY earnings between $0.89 to $0.95 per share
versus analyst expectations of $0.99 - Refinitiv IBES data
 urn:newsml:reuters.com:*:nBw3PwdJ2a
    ** Brokerage Colliers, Jefferies and Piper Sandler cut their
respective price targets on the stock 
    ** Three of eleven brokerages rate the stock "buy" or
higher, six "hold" and two "sell" or lower; their median PT is
$22
    ** Reports Q4 earnings at $0.21 per share, higher than
quarterly analyst expectations of $0.19 
    ** Co has beat earnings estimates over the past six
consecutive quarters
    ** Up to Wednesday's close, stock had gained 2.6% so far
this year

 (Reporting by Shashank Nayar in Bengaluru)
 ((Shashank.Nayar@thomsonreuters.com; within U.S. +1 646 223
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