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

R1 RCM

08/05/2024 14:32

* R1 RCM Inc  RCM.OQ  reported a quarterly adjusted loss
of 8
cents​​ per share for the quarter ended in January, 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 one cent per share. Wall
Street expected results to range from -7 cents to 11 cents per
share.
    * Revenue rose 10.7% to $603.90 million from a year ago;
analysts
expected $611.93 million. 
    * R1 RCM Inc's reported EPS for the quarter was a loss of 8
cents​.
    * The company reported a quarterly loss of $35.1 million.
    * R1 RCM Inc shares had fallen by 3.3% this quarter and
gained 17.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 141.1% in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 4
"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 R1 RCM Inc is
$17.00 
This summary was machine generated from LSEG data May 8 at 01:31
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
 Mar. 31 2024      -0.01          -0.08          Missed
 Dec. 31 2023      0.02           0.00           Missed
 Sep. 30 2023      0.01           0.00           Missed
 Jun. 30 2023      0.00           0.00           Met