Ardent Health Analysts Revise Forecasts Downward Following Disappointing Q3 Earnings
Earnings Report: Ardent Health Inc reported a loss of 17 cents per share for Q3, missing the analyst estimate of 41 cents, while sales of $1.577 billion exceeded expectations of $1.547 billion.
Guidance Revision: The company lowered its FY2025 GAAP EPS guidance from a range of $1.73-$2.01 to $0.85-$1.03.
Operational Performance: Despite the earnings miss, Ardent Health saw a 5.8% increase in admissions and a 1.4% rise in total surgeries, with revenue and adjusted EBITDA growing by 9% and 46%, respectively.
Analyst Reactions: Following the earnings announcement, Morgan Stanley downgraded the stock from Overweight to Equal-Weight, reducing the price target from $22 to $12, while Stephens & Co. maintained an Overweight rating but lowered the target from $21 to $17.
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Multiple Companies Face Class Action Lawsuits
- Lawsuit Overview: Varonis Systems, Inc. (NASDAQ:VRNS) faces a class action lawsuit for failing to maintain a high quarterly conversion rate, with investors needing to file a lead plaintiff motion by March 9, 2026, potentially impacting stock price and investor confidence.
- Financial Transparency Issues: Ardent Health, Inc. (NYSE:ARDT) is accused of making misleading statements regarding the collectability of accounts receivable, leading to investor misunderstandings about its financial health, which could affect future financing capabilities.
- Service Capability Concerns: CoreWeave, Inc. (NASDAQ:CRWV) is facing litigation for overstating its ability to meet customer demand, with investors required to act by March 13, 2026, which may result in significant negative impacts on the company's revenue.
- Brand Strategy Missteps: Bath & Body Works, Inc. (NYSE:BBWI) is alleged to have failed to achieve expected growth from its brand collaborations and promotions, with a lead plaintiff motion deadline of March 16, 2026, potentially affecting the company's future financial guidance.

Ardent Health Faces Class Action Lawsuit
- Class Action Initiation: Purchasers of Ardent Health securities between July 18, 2024, and November 12, 2025, can seek lead plaintiff status by March 9, 2026, alleging violations of the Securities Exchange Act by top executives.
- Financial Misrepresentation Allegations: The lawsuit claims Ardent Health failed to disclose the collectability of accounts receivable accurately, leading to a materially inflated financial position during the class period, which undermines investor confidence.
- Significant Revenue Decline: On November 12, 2025, Ardent Health reported a $43 million drop in Q3 revenue due to adjustments from a new revenue accounting system, causing its stock price to plummet nearly 34%, highlighting concerns over financial transparency.
- Increased Liability Reserves: The company recorded a $54 million increase in professional liability reserves, reflecting social inflationary pressures in medical malpractice claims, which exacerbates investor worries about future profitability.









