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

• ModivCare Inc MODV.OQ reported quarterly adjusted earnings of 45 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of $1.44. The mean expectation of six analysts for the quarter was for earnings of 78 cents per share. Wall Street expected results to range from 26 cents to $1.28 per share.

• Revenue rose 2.2% to $702.04 million from a year ago; analysts expected $714.92 million.

• ModivCare Inc's reported EPS for the quarter was a loss of $1.87​.

• The company reported a quarterly loss of $26.6 million.

• ModivCare Inc shares had risen by 14.0% this quarter and lost 63.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 30% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 2 "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 ModivCare Inc is $24.00

This summary was machine generated from LSEG data November 7 at 04:27 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)