The Joint Corp. (JYNT) Q3 Earnings Match Estimates
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 08 2024
0mins
Source: NASDAQ.COM
Earnings Performance: The Joint Corp. reported quarterly earnings of $0.04 per share, matching estimates and showing improvement from a loss of $0.05 per share a year ago, with revenues of $30.2 million exceeding expectations by 5.49%.
Market Outlook: Despite outperforming the S&P 500 this year, The Joint's future stock performance will depend on management's commentary and earnings estimate revisions, currently holding a Zacks Rank #3 (Hold) amidst a mixed outlook for upcoming quarters.
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Analyst Views on JYNT
Wall Street analysts forecast JYNT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for JYNT is 11.33 USD with a low forecast of 9.00 USD and a high forecast of 14.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
2 Buy
3 Hold
0 Sell
Moderate Buy
Current: 9.560
Low
9.00
Averages
11.33
High
14.00
Current: 9.560
Low
9.00
Averages
11.33
High
14.00
About JYNT
The Joint Corp. is a franchisor and operator of chiropractic clinics that uses a private pay, non-insurance, cash-based model. The Company operates the Franchise Operations segment. The Company and its franchisees provide management services to affiliate professional chiropractic practices. The franchise system consists of approximately 811 clinics in operation. It offers a range of membership and wellness packages. It offers its patients the opportunity to visit its clinics without an appointment and receive prompt attention. Each patient's records are digitally updated for ready retrieval in its data storage system by its chiropractors in compliance with various applicable medical records security and privacy regulations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
The Joint Corp. Appoints Ron Stilwell as Senior VP of Operations and Patient Experience
- Executive Appointment: The Joint Corp. has appointed Ron Stilwell as Senior Vice President of Operations and Patient Experience, effective immediately, following his role as President at FullSpeed Automotive, where he oversaw nearly 1,000 franchised units focusing on operational excellence and strategic growth.
- Extensive Experience: With three decades of success in franchise operations, P&L management, and customer satisfaction, Stilwell previously helped Marco's Pizza achieve recognition as a top franchise brand known for rapid growth and operational excellence.
- Strategic Goals: Reporting directly to CEO Sanjiv Razdan, Stilwell is expected to drive growth by enhancing patient experience and improving franchisee relations, thereby strengthening clinic economics and profitability.
- Future Outlook: Stilwell expressed excitement about collaborating with management and franchisees to elevate patient experiences, with expectations to increase new patient acquisition, boost topline sales, and enhance profitability for both franchisees and the company.
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The Joint Corp. Appoints Ron Stilwell as SVP of Operations and Patient Experience
- Executive Appointment: The Joint Corp. has appointed Ron Stilwell as Senior Vice President of Operations and Patient Experience, filling the role previously held by Eric Wyatt, and is expected to enhance patient experience and franchisee relations through his extensive expertise in franchise operations and customer satisfaction.
- Industry Experience: During his tenure as President at FullSpeed Automotive, Stilwell successfully managed nearly 1,000 franchised units, driving strategic growth for flagship brands, demonstrating his capability in improving operational efficiency and profitability.
- Strategic Goals: Stilwell expressed his commitment to enhancing patient experience and acquiring new patients, which is expected to drive sales growth for both the company and franchisees by improving service quality and overall profitability.
- Market Leadership: As the largest chiropractic franchisor in the U.S. with over 950 locations and more than 14 million patient visits annually, The Joint's leadership position in the industry is further solidified with Stilwell's addition to the team.
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