AVAH Earnings Prediction
The chart below shows how AVAH performed 10 days before and after its earnings report, based on data from the past quarters. Typically, AVAH sees a +0.55% change in stock price 10 days leading up to the earnings, and a +1.11% change 10 days following the report. On the earnings day itself, the stock moves by +2.59%. This data can give you a slight idea of what to expect for the next quarter's release.
AVAH Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
509.02M
6.49%
0.81%
Gross Margin
30.87%
2.25%
0.29%
Operating Margin
6.71%
9.82%
-8.71%
Net Margin
-8.42%
-60.69%
-406.18%
EPS
-0.22
-59.26%
-414.29%
No Data Available
AVAH Earnings Analysis
Aveanna Healthcare Holdings Inc. Common Stock Corporation (AVAH.O) Earnings Conference Call
Positive
Third Quarter Revenue Increase: Revenue for the third quarter was approximately $509 million, representing a 6.5% increase over the prior year period.
Q3 Adjusted EBITDA Growth: Third quarter adjusted EBITDA was $47.8 million, representing a 32.2% increase over the prior year period primarily due to the improved payer rate environment as well as cost reduction efforts taking hold.
Year-Over-Year Revenue Growth: We achieved year-over-year revenue growth in all three of our operating divisions led by our Private Duty Services, Medical Solutions, and Home Health & Hospice segments which grew by 6.4%, 12.6%, and 2.2% respectively compared to the prior year quarter.
Gross Margin Performance: Consolidated gross margin was $159.7 million or 31.4%.
2024 Revenue and EBITDA Forecast: We expect fully year 2024 revenue to be approximately $2 billion and adjusted EBITDA to be greater than $168 million.
Negative
Third Quarter Financial Growth: Revenue for the third quarter was approximately $509 million, representing a 6.5% increase over the prior year period. Third quarter adjusted EBITDA was $47.8 million, representing a 32.2% increase over the prior year period primarily due to the improved payer rate environment as well as cost reduction efforts taking hold.
Gross Margin and EBITDA Growth: Consolidated gross margin was $159.7 million or 31.4%. Consolidated adjusted EBITDA was $47.8 million, a 32.2% increase as compared to the prior year, reflecting the improved payer rating environment as well as cost reduction efforts taking hold.
Quarterly Revenue Increase: Revenue for the quarter was approximately $409 million, a 6.4% increase and was driven by approximately 10.5 million hours of care, a volume increase of 3.8% over the prior year. While core volumes have improved over the prior year, we continue to be constrained in our top line growth due to the shortage of available caregivers, although we are continuing to see signs of improvement in the labor markets.
Revenue Per Hour Increase: Q3 revenue per hour of $39.10 was up $0.97 or 2.6% as compared to the prior year quarter. We remain optimistic about our ability to attract caregivers and address market demands for our services when we obtain acceptable reimbursement rates.
Liquidity Overview: At the end of the third quarter, we had liquidity of approximately $285 million representing cash on hand of approximately $79 million, $38 million of availability under our securitization facility and approximately $168 million of availability on our revolver which was undrawn as of the end of the quarter. We had $32 million outstanding letters of credit at the end of Q3.
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AVAH Earning Call Sentiment
Aveanna Healthcare Holdings Inc. (AVAH) Q3 2024 Earnings Call Transcript
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AVAH.O
0%Positive
The earnings call presents a mixed picture. Financial performance shows growth in revenue and EBITDA, but challenges like California PDN funding and debt management persist. The Q&A reveals optimism in payer relationships and cash flow, but concerns about CMS rules and hurricane impacts temper enthusiasm. No clear shareholder return plan was announced. Considering these factors, along with the company's inflationary pressures and competitive environment, the stock price is likely to remain stable, leading to a neutral prediction.
