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CareMax Third Quarter 2022 Earnings: Revenues Beat Expectations, EPS Lags

CareMax (NASDAQ:CMAX) Third Quarter 2022 Results

Key Financial Results

  • Revenue: US$157.7m (up 51% from 3Q 2021).

  • Net loss: US$22.1m (loss widened by 52% from 3Q 2021).

  • US$0.25 loss per share (further deteriorated from US$0.17 loss in 3Q 2021).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

CareMax Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) missed analyst estimates significantly.

Looking ahead, revenue is forecast to grow 42% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Healthcare industry in the US.

Performance of the American Healthcare industry.

The company's shares are down 8.2% from a week ago.

Risk Analysis

We should say that we've discovered 3 warning signs for CareMax (1 is a bit concerning!) that you should be aware of before investing here.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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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