InnovAge Holding Q3 2024 GAAP EPS $(0.04), Inline, Sales $193.073M Beat $188.246M Estimate
Portfolio Pulse from Benzinga Newsdesk
InnovAge Holding (NASDAQ:INNV) reported Q3 2024 GAAP EPS of $(0.04), meeting analyst estimates, and sales of $193.073M, exceeding the $188.246M forecast. This represents a 20% improvement in EPS and a 11.90% increase in sales year-over-year.
May 07, 2024 | 8:42 pm
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InnovAge Holding reported a Q3 2024 GAAP EPS of $(0.04), in line with estimates, and sales of $193.073M, surpassing expectations. Year-over-year, EPS improved by 20% and sales grew by 11.90%.
Meeting EPS estimates while exceeding sales forecasts indicates operational efficiency and market demand. The year-over-year growth in both EPS and sales suggests a positive trend in the company's financial health, likely leading to a favorable short-term impact on INNV's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100