ModivCare Future Growth

Future criteria checks 4/6

ModivCare is forecast to grow earnings and revenue by 103.9% and 5.9% per annum respectively. EPS is expected to grow by 95.5% per annum. Return on equity is forecast to be 156.3% in 3 years.

Key information

103.9%

Earnings growth rate

95.5%

EPS growth rate

Healthcare earnings growth	19.3%
Revenue growth rate	5.9%
Future return on equity	156.3%
Analyst coverage	Good
Last updated	14 Aug 2024

Recent future growth updates

ModivCare Inc. (NASDAQ:MODV) Just Reported Earnings, And Analysts Cut Their Target Price

Feb 29

Recent updates

Is ModivCare (NASDAQ:MODV) A Risky Investment?

Jul 11

ModivCare Inc. (NASDAQ:MODV) Looks Inexpensive After Falling 26% But Perhaps Not Attractive Enough

Apr 04

ModivCare Inc. (NASDAQ:MODV) Just Reported Earnings, And Analysts Cut Their Target Price

Feb 29

Earnings and Revenue Growth Forecasts

NasdaqGS:MODV - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	3,196	1	112	N/A	3
12/31/2025	3,034	1	75	95	5
12/31/2024	2,827	-161	9	73	6
6/30/2024	2,773	-161	-52	-18	N/A
3/31/2024	2,773	-223	-108	-71	N/A
12/31/2023	2,751	-204	-125	-83	N/A
9/30/2023	2,702	-206	-152	-113	N/A
6/30/2023	2,663	-230	-212	-173	N/A
3/31/2023	2,592	-36	-122	-85	N/A
12/31/2022	2,504	-32	-43	-10	N/A
9/30/2022	2,426	-56	25	58	N/A
6/30/2022	2,272	-35	40	69	N/A
3/31/2022	2,118	-25	99	124	N/A
12/31/2021	1,997	-7	166	187	N/A
9/30/2021	1,820	23	215	236	N/A
6/30/2021	1,647	66	352	370	N/A
3/31/2021	1,455	37	428	444	N/A
12/31/2020	1,369	32	336	348	N/A
9/30/2020	1,355	23	300	308	N/A
6/30/2020	1,428	-5	176	185	N/A
3/31/2020	1,509	5	50	61	N/A
12/31/2019	1,510	-9	50	61	N/A
9/30/2019	1,486	-2	14	25	N/A
6/30/2019	1,436	0	26	39	N/A
3/31/2019	1,416	7	7	21	N/A
12/31/2018	1,385	12	-10	8	N/A
9/30/2018	1,125	42	23	41	N/A
6/30/2018	1,191	45	20	38	N/A
3/31/2018	1,255	45	N/A	44	N/A
12/31/2017	1,318	40	N/A	55	N/A
9/30/2017	1,603	-23	N/A	33	N/A
6/30/2017	1,606	-32	N/A	13	N/A
3/31/2017	1,596	-34	N/A	43	N/A
12/31/2016	1,234	12	N/A	42	N/A
9/30/2016	1,566	-35	N/A	33	N/A
6/30/2016	1,533	-43	N/A	27	N/A
3/31/2016	1,440	-44	N/A	33	N/A
12/31/2015	1,478	-40	N/A	16	N/A
9/30/2015	1,473	10	N/A	47	N/A
6/30/2015	1,403	17	N/A	60	N/A
3/31/2015	1,267	22	N/A	63	N/A
12/31/2014	1,093	25	N/A	55	N/A
9/30/2014	1,045	16	N/A	44	N/A
6/30/2014	1,012	18	N/A	43	N/A
3/31/2014	1,131	19	N/A	33	N/A
12/31/2013	799	13	N/A	55	N/A
9/30/2013	1,132	19	N/A	48	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MODV is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.5%).

Earnings vs Market: MODV is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: MODV is expected to become profitable in the next 3 years.

Revenue vs Market: MODV's revenue (5.9% per year) is forecast to grow slower than the US market (8.8% per year).

High Growth Revenue: MODV's revenue (5.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: MODV's Return on Equity is forecast to be very high in 3 years time (156.3%).

ModivCare Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Consensus EPS estimates fall by 423%

Price target decreased by 11% to US$41.67

Consensus EPS estimates fall by 173%, revenue upgraded

ModivCare Inc. Provides Revenue Guidance for the Year 2024

ModivCare Inc. (NASDAQ:MODV) Just Reported Earnings, And Analysts Cut Their Target Price

ModivCare Inc. Provides Earnings Guidance for the First Quarter and Fiscal Year 2024

Recent updates

Consensus EPS estimates fall by 423%

New minor risk - Profitability

Price target decreased by 11% to US$41.67

Second quarter 2024 earnings: EPS misses analyst expectations

ModivCare Inc. to Report Q2, 2024 Results on Aug 07, 2024

Is ModivCare (NASDAQ:MODV) A Risky Investment?

ModivCare Inc. Unveils Integration Hub: Revolutionizing Access to NEMT Benefits

Consensus EPS estimates fall by 173%, revenue upgraded

First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

ModivCare Inc. Provides Revenue Guidance for the Year 2024

Insufficient new directors

ModivCare Inc. to Report Q1, 2024 Results on May 02, 2024

ModivCare Inc. (NASDAQ:MODV) Looks Inexpensive After Falling 26% But Perhaps Not Attractive Enough

ModivCare Inc. (NASDAQ:MODV) Just Reported Earnings, And Analysts Cut Their Target Price

New minor risk - Share price stability

Full year 2023 earnings: EPS misses analyst expectations

ModivCare Inc. Provides Earnings Guidance for the First Quarter and Fiscal Year 2024

ModivCare (NASDAQ:MODV) Seems To Be Using A Lot Of Debt

ModivCare Inc. to Report Q4, 2023 Results on Feb 22, 2024

Sentiment Still Eluding ModivCare Inc. (NASDAQ:MODV)

Modivcare Announces Executive Appointments

Price target increased by 7.5% to US$76.67

Is ModivCare (NASDAQ:MODV) A Risky Investment?

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

ModivCare Inc. Maintains Earnings Guidance for the Full Year 2023

Modivcare Inc. Announces Resignation of Stacy Saal from Board of Directors

ModivCare Inc. to Report Q3, 2023 Results on Nov 02, 2023

ThoroughCare, Inc. acquired Higi SH LLC from ModivCare Inc.

CEO, President recently bought US$121k worth of stock

Modivcare Appoints Henry “Enrique” Toledo as Chief People Officer

ModivCare Inc. Announces Barbara Gutierrez to Join as Chief Financial Officer, Effective from September 18, 2023

New minor risk - Share price stability

ModivCare Inc. Reports Impairment Charges for the Second Quarter Ended June 30, 2023

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Here's Why ModivCare (NASDAQ:MODV) Is Weighed Down By Its Debt Load

ModivCare Inc. to Report Q2, 2023 Results on Aug 03, 2023

ModivCare Inc.(NasdaqGS:MODV) dropped from Russell Small Cap Comp Value Index

Modivcare Appoints Jessica Kral as Chief Information Officer

CEO, President recently bought US$105k worth of stock

ModivCare Inc., Annual General Meeting, Jun 13, 2023

Price target decreased by 23% to US$117

ModivCare Inc. Provides Earnings Guidance for the Year 2023

First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Is ModivCare (NASDAQ:MODV) A Risky Investment?

Is There An Opportunity With ModivCare Inc.'s (NASDAQ:MODV) 49% Undervaluation?

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

ModivCare Inc. Announces Executive Changes

ModivCare Inc. to Report Q4, 2022 Results on Feb 23, 2023

Price target decreased to US$146

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Modivcare Inc. Updates Its Earnings Guidance for the Year 2022

ModivCare Inc. Announces Appointment of L. Heath Sampson as Chief Executive Officer

ModivCare Inc. to Report Q3, 2022 Results on Nov 03, 2022

Does ModivCare (NASDAQ:MODV) Have A Healthy Balance Sheet?

ModivCare: ROIC And Continuing Value Are Narrowing - Rating It A Hold

ModivCare Announces Executive Changes

Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

ModivCare Inc. Raises Revenue Guidance for the Year of 2022

Price target decreased to US$163

Daniel E. Greenleaf No Longer Serves as Member of Modivcare Inc.'s Board of Directors

Modivcare names finance boss Heath Sampson as interim CEO

ModivCare Inc. to Report Q2, 2022 Results on Aug 04, 2022

ModivCare (NASDAQ:MODV) Has A Somewhat Strained Balance Sheet

ModivCare Inc.(NasdaqGS:MODV) dropped from Russell 2000 Growth-Defensive Index

ModivCare Inc. Announces Jason E. Anderson Intention to Resign as Modivcare Home President

Now 28% undervalued after recent price drop

ModivCare Inc. (NasdaqGS:MODV) acquired Guardian Medical Monitoring, LLC from Guardian Security Services, Inc.

Are Investors Undervaluing ModivCare Inc. (NASDAQ:MODV) By 37%?

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind