P3 Health Partners Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

P3 Health Partners (NASDAQ:PIII) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$362.1m (up 26% from 3Q 2023).
• Net loss: US$46.5m (loss widened by 250% from 3Q 2023).
• US$0.29 loss per share (further deteriorated from US$0.12 loss in 3Q 2023).

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

P3 Health Partners Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates significantly.

Looking ahead, revenue is forecast to grow 10% 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 44% from a week ago.

Risk Analysis

You still need to take note of risks, for example - P3 Health Partners has 5 warning signs (and 1 which is a bit concerning) we think you should know about.

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