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Medical Facilities Second Quarter 2024 Earnings: EPS Misses Expectations
Medical Facilities (TSE:DR) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$107.2m (down 2.1% from 2Q 2023).
- Net loss: US$370.0k (down by 111% from US$3.32m profit in 2Q 2023).
- US$0.02 loss per share (down from US$0.13 profit in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Medical Facilities EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.
Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 9.9% growth forecast for the Healthcare industry in Canada.
Performance of the Canadian Healthcare industry.
The company's shares are down 5.4% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 1 warning sign for Medical Facilities you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About TSX:DR
Medical Facilities
Through its subsidiaries, owns and operates specialty hospitals and ambulatory surgery center in the United States.
Undervalued with excellent balance sheet.