Privia Health Group Inc reports results for the quarter ended in December - Earnings Summary

Privia Health

27/02/2024 14:31

* Privia Health Group Inc  PRVA.OQ  reported quarterly
adjusted
earnings of 2 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 14 cents.  The mean expectation of
seventeen analysts for the quarter was for earnings of 4 cents
per share. Wall Street expected results to range from zero cents
to 7 cents per share.
    * Revenue fell 30.6% to $440.83 million from a year ago;
analysts
expected $730.89 million. 
    * Privia Health Group Inc's reported EPS for the quarter was
2
cents​.
    * The company reported quarterly net income of $2.84
million.
    * Privia Health Group Inc shares had fallen by 13.2% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.2%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 17 "strong buy" or "buy," 1
"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 Privia Health
Group Inc is $30.00 
This summary was machine generated from LSEG data February 27 at
02:30 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
 Dec. 31 2023      0.04           0.02           Missed
 Sep. 30 2023      0.05           0.05           Met
 Jun. 30 2023      0.06           0.06           Met
 Mar. 31 2023      0.02           0.06           Beat