Option Care Health Third Quarter 2024 Earnings: Beats Expectations

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

Key Financial Results

• Revenue: US$1.28b (up 17% from 3Q 2023).
• Net income: US$53.9m (down 4.3% from 3Q 2023).
• Profit margin: 4.2% (down from 5.2% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: US$0.32.

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 5.2%. Earnings per share (EPS) also surpassed analyst estimates by 7.6%.

Looking ahead, revenue is forecast to grow 7.7% 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 22% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Option Care Health that you should be aware of.

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