ModivCare Inc reports results for the quarter ended March 31 - Earnings Summary

• ModivCare Inc MODV.OQ reported a quarterly adjusted loss of $1.71​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of -9 cents. The mean expectation of three analysts for the quarter was for a loss of 50 cents per share. Wall Street expected results to range from -71 cents to -29 cents per share.

• Revenue fell 4.9% to $650.65 million from a year ago; analysts expected $645.87 million.

• ModivCare Inc's reported EPS for the quarter was a loss of $3.52​.

• The company reported a quarterly loss of $50.38 million.

• ModivCare Inc shares had risen by 2.7% this quarter and lost 88.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1,263.5% 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 2 "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 $4.75

This summary was machine generated from LSEG data May 8 at 10:39 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)