R1 RCM Expects FY24 Revenue of $2.625B-$2.675B Vs $2.69B Est
Portfolio Pulse from Benzinga Newsdesk
R1 RCM projects its FY24 revenue to be in the range of $2.625 billion to $2.675 billion, which is below the estimated $2.69 billion. The company also forecasts GAAP operating income between $105 million to $135 million and adjusted EBITDA between $650 million to $670 million.
February 27, 2024 | 12:12 pm
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R1 RCM expects FY24 revenue to fall short of the $2.69 billion estimate, projecting between $2.625 billion and $2.675 billion. The company also anticipates GAAP operating income of $105 million to $135 million and adjusted EBITDA of $650 million to $670 million.
The projected revenue for FY24 being slightly below the estimated figures suggests a potential negative impact on investor sentiment and stock price in the short term. The detailed financial outlook, including operating income and EBITDA projections, indicates the company's operational expectations but may not fully mitigate the initial negative reaction to the revenue shortfall.
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