AdaptHealth Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags
AdaptHealth (NASDAQ:AHCO) Full Year 2023 Results
Key Financial Results
Revenue: US$3.20b (up 7.7% from FY 2022).
Net loss: US$678.9m (down from US$63.4m profit in FY 2022).
US$5.06 loss per share (down from US$0.47 profit in FY 2022).
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 1.0%. Earnings per share (EPS) missed analyst estimates by 61%.
Looking ahead, revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Healthcare industry in the US.
Performance of the American Healthcare industry.
The company's shares are up 41% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 1 warning sign for AdaptHealth that you need to be mindful of.
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