R1 RCM Inc reports results for the quarter ended in January 1 - Earnings Summary

R1 RCM

06/11/2024 05:19

* R1 RCM Inc  RCM.OQ  reported a quarterly adjusted loss
of 5
cents​​ per share for the quarter ended January 1, lower than
the same quarter last year, when the company reported breakeven
earnings per share.  The mean expectation of fourteen analysts
for the quarter was for a loss of 12 cents per share. Wall
Street expected results to range from -48 cents to -3 cents per
share.
    * Revenue rose 14.7% to $656.80 million from a year ago;
analysts
expected $634.18 million. 
    * R1 RCM Inc's reported EPS for the quarter was a loss of 5
cents​.
    * The company reported a quarterly loss of $19.9 million.
    * R1 RCM Inc shares had risen by 0.7% this quarter and
gained 35.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 55.2%
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 "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 12
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the healthcare
facilities & services peer group is also "hold"

Wall Street's median 12-month price target for R1 RCM Inc is
$14.30 
This summary was machine generated from LSEG data November 6 at
05:19 a.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
 Sep. 30 2024      -0.12          -0.05          Beat
 Jun. 30 2024      -0.05          -0.02          Beat
 Mar. 31 2024      0.00           -0.08          Missed
 Dec. 31 2023      0.02           0.00           Missed