DaVita Q2 Adj EPS $2.08 Beats $1.66 Estimate, Sales $3.00B Beat $2.94B Estimate
Portfolio Pulse from saritha@benzinga.com
DaVita (NYSE:DVA) reported Q2 earnings of $2.08 per share, beating the analyst consensus estimate of $1.66 by 25.3%. However, this is a 9.57% decrease from the same period last year. The company also reported quarterly sales of $3.00 billion, beating the analyst consensus estimate of $2.94 billion by 2.04%, a 2.49% increase from the same period last year.
August 04, 2023 | 2:27 pm
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DaVita's Q2 earnings and sales exceeded analyst estimates, but earnings decreased compared to the same period last year.
While DaVita beat analyst estimates for Q2 earnings and sales, the decrease in earnings compared to the same period last year could potentially offset the positive impact of beating estimates. This mixed result makes the short term price direction uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100