R1 RCM Q1 EPS $(0.08) Misses $(0.01) Estimate, Sales $603.90M Miss $609.77M Estimate
Portfolio Pulse from Benzinga Newsdesk
R1 RCM (NASDAQ:RCM) reported Q1 earnings with a loss of $(0.08) per share, missing the $(0.01) estimate by 700%. Sales were $603.90M, missing the $609.77M estimate by 0.96%, yet marking a 10.69% increase from last year's $545.60M.
May 08, 2024 | 11:08 am
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NEGATIVE IMPACT
R1 RCM reported a significant miss in Q1 EPS and slight miss in sales, though sales increased 10.69% YOY.
The significant miss in EPS and slight miss in sales forecasts are likely to negatively impact investor sentiment in the short term, despite the YOY sales growth.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100