R1 RCM expects Q4 Revenue of approximately $563M-$567M Versus Consensus Of $585.82M And GAAP Operating income of $36M-$39M, GAAP net loss of $(8)M-$(10)M and adjusted EBITDA of $163M-$166M
Portfolio Pulse from Benzinga Newsdesk
R1 RCM forecasts Q4 revenue of $563M-$567M, below the consensus estimate of $585.82M. The company anticipates GAAP operating income of $36M-$39M, a GAAP net loss of $(8)M-$(10)M, and adjusted EBITDA of $163M-$166M.
January 08, 2024 | 12:39 pm
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R1 RCM Inc. expects Q4 revenue to fall short of market expectations, with a projected GAAP net loss and a specified range for adjusted EBITDA.
R1 RCM's projected revenue shortfall compared to consensus estimates is likely to negatively impact investor sentiment in the short term. The anticipated GAAP net loss further contributes to a bearish outlook, although the provided adjusted EBITDA figures may offer some cushion. However, the revenue miss is a significant factor that typically weighs on a stock's performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100