Yahoo Finance Privia Health Group Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
Privia Health Group (NASDAQ:PRVA) Second Quarter 2024 Results
Key Financial Results
Revenue: US$422.3m (up 2.2% from 2Q 2023).
Net income: US$3.47m (down 52% from 2Q 2023).
Profit margin: 0.8% (down from 1.8% in 2Q 2023). The decrease in margin was driven by higher expenses.
EPS: US$0.029 (down from US$0.063 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Privia Health Group Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) missed analyst estimates by 35%.
Looking ahead, revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Healthcare industry in the US.
Performance of the American Healthcare industry.
The company's shares are down 4.6% from a week ago.
Risk Analysis
It is worth noting though that we have found 1 warning sign for Privia Health Group that you need to take into consideration.
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