RadNet Q1 2024 Adj EPS $0.07 Beats $0.01 Estimate, Sales $431.707M Beat $421.719M Estimate
Portfolio Pulse from Benzinga Newsdesk
RadNet (NASDAQ:RDNT) reported Q1 2024 adjusted EPS of $0.07, surpassing the $0.01 estimate, and sales of $431.707M, exceeding the $421.719M estimate. This represents a significant improvement over the previous year, with a 131.82% increase in EPS from a loss of $(0.22) and a 10.53% increase in sales from $390.564M.
May 08, 2024 | 9:04 pm
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RadNet reported a significant beat on both EPS and sales estimates for Q1 2024, with adjusted EPS at $0.07 against a $0.01 estimate and sales of $431.707M against a $421.719M estimate.
RadNet's significant outperformance in both earnings per share and sales compared to analyst estimates, along with a substantial year-over-year growth, suggests a positive short-term impact on its stock price. The company's ability to turn around from a loss in the previous year to a profit this year, coupled with a solid increase in sales, indicates strong operational performance and financial health, which are likely to be viewed favorably by investors.
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