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

R1 RCM

07/08/2024 14:52

* R1 RCM Inc  RCM.OQ  reported a quarterly adjusted loss
of 2
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported breakeven
earnings per share.  The mean expectation of fifteen analysts
for the quarter was for a loss of 5 cents per share. Wall Street
expected results to range from -9 cents to -2 cents per share.
    * Revenue rose 12% to $627.90 million from a year ago;
analysts
expected $633.48 million. 
    * R1 RCM Inc's reported EPS for the quarter was a loss of 2
cents​.
    * The company reported a quarterly loss of $7.6 million.
    * R1 RCM Inc shares had risen by 11.1% this quarter and
gained 32.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 46.2%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "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 August 7 at
01:52 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
 Jun. 30 2024      -0.05          -0.02          Beat
 Mar. 31 2024      0.00           -0.08          Missed
 Dec. 31 2023      0.02           0.00           Missed
 Sep. 30 2023      0.01           0.00           Missed