AdaptHealth (NASDAQ:AHCO) Third Quarter 2022 Results
Key Financial Results
Revenue: US$756.5m (up 16% from 3Q 2021).
Net income: US$16.1m (down 70% from 3Q 2021).
Profit margin: 2.1% (down from 8.1% in 3Q 2021).
EPS: US$0.12 (down from US$0.40 in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
AdaptHealth Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) missed analyst estimates by 64%.
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Healthcare industry in the US.
The company's shares are down 6.5% from a week ago.
You still need to take note of risks, for example - AdaptHealth has 3 warning signs (and 1 which is concerning) we think you should know about.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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