R1 RCM Q2 2024 GAAP EPS $(0.02) Beats $(0.04) Estimate, Sales $627.900M Miss $633.481M Estimate
Portfolio Pulse from Benzinga Newsdesk
R1 RCM (NASDAQ:RCM) reported Q2 2024 GAAP EPS of $(0.02), beating the $(0.04) estimate, but sales of $627.9M missed the $633.481M estimate. Sales increased by 11.99% year-over-year.
August 07, 2024 | 11:07 am
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NEUTRAL IMPACT
R1 RCM reported better-than-expected EPS of $(0.02) vs. $(0.04) estimate, but missed revenue expectations with $627.9M vs. $633.481M estimate. Sales increased 11.99% YoY.
The EPS beat is a positive sign, but the revenue miss and the slight increase in sales may neutralize the impact. Investors may have mixed reactions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100