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

RadNet

08/08/2023 14:32

* RadNet Inc  RDNT.OQ  reported quarterly adjusted earnings
of 24
cents​​ per share for the quarter ended in June. The mean
expectation of four analysts for the quarter was for earnings of
10 cents per share.
    * Revenue rose 13.9% to $403.72 million from a year ago;
analysts
expected $390.72 million. 
    * RadNet Inc's reported EPS for the quarter was 12 cents​.
    * The mean earnings estimate of analysts had fallen by
about 8.1%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * RadNet Inc shares had risen by 3.5% this quarter and
gained 79.3% so far this year.
    * The company reported quarterly net income of $8.37
million.
    * Wall Street's median 12-month price target for RadNet Inc
is
$37.50 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 4 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 8 at 01:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.10           0.24           Beat
 Mar. 31 2023      -0.07          -0.08          Missed
 Dec. 31 2022      0.15           0.11           Missed
 Sep. 30 2022      0.16           0.09           Missed