Option Care Health First Quarter 2024 Earnings: Beats Expectations

Option Care Health (NASDAQ:OPCH) First Quarter 2024 Results

Key Financial Results

• Revenue: US$1.15b (up 13% from 1Q 2023).
• Net income: US$44.8m (up 14% from 1Q 2023).
• Profit margin: 3.9% (in line with 1Q 2023).
• EPS: US$0.26 (up from US$0.22 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Option Care Health Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) also surpassed analyst estimates by 16%.

Looking ahead, revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Healthcare industry in the US.

Performance of the American Healthcare industry.

The company's shares are down 5.2% from a week ago.

Valuation

Our analysis of these results suggests Option Care Health may be undervalued based on 6 important criteria we look at. You can access our in-depth analysis and discover what the outlook is like for the stock by clicking here.

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