Overview
Privia Health Group Q2 revenue rises 23.4% yr/yr but missed analyst expectations
Adjusted EBITDA for Q2 beats analyst estimates, reflecting strong operational performance
Company raises FY 2025 guidance for practice collections and adjusted EBITDA
Outlook
Privia Health raises FY 2025 revenue guidance above high end
Company expects FY 2025 practice collections above high end
Privia Health sees FY 2025 adjusted EBITDA above high end
Company anticipates minimal capital expenditures for FY 2025
Result Drivers
IMPLEMENTED PROVIDERS - Increase of 13.8% in implemented providers compared to 2Q'24
PRACTICE COLLECTIONS - Practice collections rose 18.5% from 2Q'24
ADJUSTED EBITDA - Adjusted EBITDA increased by 31.6% compared to 2Q'24
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$521.20 mln
$800.10 mln (12 Analysts)
Q2 EPS
$0.02
Q2 Net Income
$2.70 mln
Q2 Adjusted EBITDA
Beat
$29 mln
$26.10 mln (18 Analysts)
Q2 Operating Income
$3.30 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 20 "strong buy" or "buy", 2 "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 $30.00, about 34.1% above its August 6 closing price of $19.78
The stock recently traded at 72 times the next 12-month earnings vs. a P/E of 84 three months ago
Press Release: ID:nGNXbPVzZW
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)