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

Privia Health

03/11/2023 17:19

* Privia Health Group Inc  PRVA.OQ  reported quarterly
adjusted
earnings of 5 cents​​ per share for the quarter ended in
September, higher than the same quarter last year, when the
company reported EPS of 1 cents.  The mean expectation of
fifteen analysts for the quarter was for earnings of 5 cents per
share. Wall Street expected results to range from 2 cents to 10
cents per share.
    * Revenue fell 31.8% to $417.28 million from a year ago;
analysts
expected $702.46 million. 
    * Privia Health Group Inc's reported EPS for the quarter was
5
cents​.
    * The company reported quarterly net income of $5.64
million.
    * Privia Health Group Inc shares had fallen by 10.6% this
quarter and lost 9.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 10.3%
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
"strong buy"
and the breakdown of recommendations is 18 "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 Privia Health
Group Inc is $35.00 
This summary was machine generated from LSEG data November 3 at
05:19 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      -0.03          0.14           Beat