ModivCare: Q1 Earnings Insights

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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

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.

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