ModivCare MODV reported its Q1 earnings results on Thursday, May 4, 2023 at 06:00 AM.
Here's what investors need to know about the announcement.
Earnings
ModivCare missed estimated earnings by 4.7%, reporting an EPS of $1.42 versus an estimate of $1.49.
Revenue was up $87.83 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.56 which was followed by a 5.13% drop in the share price the next day.
Here's a look at ModivCare's past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 1.55 | 1.62 | 1.41 | 1.43 |
| EPS Actual | 2.11 | 1.61 | 1.99 | 1.57 |
| Revenue Estimate | 618.42M | 593.49M | 583.46M | 565.77M |
| Revenue Actual | 653.92M | 647.78M | 628.22M | 574.48M |
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 1.55 | 1.62 | 1.41 | 1.43 |
| EPS Actual | 2.11 | 1.61 | 1.99 | 1.57 |
| Revenue Estimate | 618.42M | 593.49M | 583.46M | 565.77M |
| Revenue Actual | 653.92M | 647.78M | 628.22M | 574.48M |
To track all earnings releases for ModivCare visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted In: EarningsBZI-Recaps