AdaptHealth: Q2 Earnings Insights

 

Shares of AdaptHealth AHCO moved higher by 2.5% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were up 112.50% year over year to $0.17, which missed the estimate of $0.22.

Revenue of $617,017,000 rose by 165.82% from the same period last year, which beat the estimate of $575,530,000.

Guidance

AdaptHealth raised its FY21 adjusted EBITDA guidance from $525 million-$565 million to $555 million-$580 million. 

The company boosted net sales forecast from $2.22 billion-$2.39 billion to $2.38 billion-$2.48 billion.

Conference Call Details

Date: Aug 05, 2021

Time: 08:30 AM

ET Webcast URL: https://78449.themediaframe.com/dataconf/productusers/adapt/mediaframe/45810/indexl.html

Recent Stock Performance

52-week high: $41.58

52-week low: $19.17

Price action over last quarter: down 15.53%

Company Profile

AdaptHealth Corp is a provider of home healthcare equipment and related services. Its products portfolio includes Mobility Products, Sleep Therapy and Sleep Therapy Supplies, Respiratory Therapy, Non-invasive Ventilation, Nutrition Supplies, Bed Lifts, Seat Lift Chairs, Home Modifications, Power Mobility, and Bath Aids.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsBZI-Recaps
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!