RadNet Inc reports results for the quarter ended in December - Earnings Summary

RadNet

01/03/2024 12:00

* RadNet Inc  RDNT.OQ  reported quarterly adjusted earnings
of 20
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of 11
cents.  The mean expectation of five analysts for the quarter
was for earnings of 16 cents per share. Wall Street expected
results to range from 14 cents to 17 cents per share.
    * Revenue rose 9.5% to $420.38 million from a year ago;
analysts
expected $410.12 million. 
    * RadNet Inc's reported EPS for the quarter was a loss of 3
cents​.
    * The company reported a quarterly loss of $1.86 million.
    * RadNet Inc shares had risen by 8.9% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.6%
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 5 "strong buy" or "buy," no
"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 RadNet Inc is
$40.00 
This summary was machine generated from LSEG data March 1 at
11:59 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
 Dec. 31 2023      0.16           0.20           Beat
 Sep. 30 2023      0.06           0.14           Beat
 Jun. 30 2023      0.10           0.24           Beat
 Mar. 31 2023      -0.07          -0.08          Missed