Privia Health Group Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Privia Health Group (NASDAQ:PRVA) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$437.9m (up 4.9% from 3Q 2023).
• Net income: US$3.54m (down 37% from 3Q 2023).
• Profit margin: 0.8% (down from 1.4% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: US$0.03 (down from US$0.048 in 3Q 2023).

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

Privia Health Group Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 5.9%. Earnings per share (EPS) missed analyst estimates by 37%.

Looking ahead, revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Healthcare industry in the US.

Performance of the American Healthcare industry.

The company's shares are up 12% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for Privia Health Group you should be aware of.

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