RadNet Inc reports results for the quarter ended September 30 - Earnings Summary

RadNet

11/11/2024 15:33

* RadNet Inc  RDNT.OQ  reported quarterly adjusted earnings
of 13
cents​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of 14
cents.  The mean expectation of six analysts for the quarter was
for earnings of 15 cents per share. Wall Street expected
results to range from 8 cents to 20 cents per share.
    * Revenue rose 14.7% to $461.14 million from a year ago;
analysts
expected $437.88 million. 
    * RadNet Inc's reported EPS for the quarter was 4 cents​.
    * The company reported quarterly net income of $3.21
million.
    * RadNet Inc shares had risen by 4.5% this quarter and
gained 108.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.7%
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 6 "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
79.50 
This summary was machine generated from LSEG data November 11 at
03:32 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
 Sep. 30 2024      0.15           0.13           Missed
 Jun. 30 2024      0.17           0.16           Missed
 Mar. 31 2024      0.01           0.07           Beat
 Dec. 31 2023      0.16           0.20           Beat