ModivCare Q2 2024 Adj. EPS $(0.03) Misses $0.77 Estimate, Sales $698.299M Miss $700.990M Estimate
Portfolio Pulse from Benzinga Newsdesk
ModivCare (NASDAQ:MODV) reported Q2 2024 adjusted EPS of $(0.03), missing the analyst estimate of $0.77 by 103.9%. Sales were $698.299M, slightly below the $700.990M estimate and a 0.12% decrease from the same period last year.
August 07, 2024 | 8:26 pm
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NEGATIVE IMPACT
ModivCare reported Q2 2024 adjusted EPS of $(0.03), significantly missing the analyst estimate of $0.77. Sales were $698.299M, slightly below the $700.990M estimate and a 0.12% decrease from the same period last year.
The significant miss on EPS and slight miss on sales are likely to negatively impact ModivCare's stock price in the short term. The EPS miss is particularly concerning as it was far below expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100