ModivCare Q2 Adj $1.42 Misses $1.51 Estimate, Sales $628.20M Miss $650.36M Estimate
Portfolio Pulse from Benzinga Newsdesk
ModivCare (NASDAQ:MODV) reported Q2 earnings of $1.42 per share, missing the analyst consensus estimate of $1.51 by 5.96%. This is a 28.64% decrease from the same period last year. The company also reported quarterly sales of $628.20 million, missing the analyst consensus estimate of $650.36 million by 3.41%. This is a 0% decrease from the same period last year.
August 04, 2023 | 2:23 pm
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NEGATIVE IMPACT
ModivCare's Q2 earnings and sales missed analyst estimates, with a significant YoY decrease in earnings per share. This could negatively impact the company's stock price in the short term.
ModivCare's Q2 earnings and sales both missed analyst estimates, which is typically seen as a negative signal by the market. Additionally, the company's earnings per share decreased significantly compared to the same period last year, which could further negatively impact investor sentiment and the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100