MODV Earnings Prediction
The chart below shows how MODV performed 10 days before and after its earnings report, based on data from the past quarters. Typically, MODV sees a +7.83% change in stock price 10 days leading up to the earnings, and a +1.97% change 10 days following the report. On the earnings day itself, the stock moves by -2.31%. This data can give you a slight idea of what to expect for the next quarter's release.
MODV Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
702.04M
2.20%
0.54%
Gross Margin
10.85%
-8.67%
-8.13%
Operating Margin
0.75%
-55.09%
-17.58%
Net Margin
-3.79%
501.59%
-79.47%
EPS
-1.87
-523.33%
-79.38%
No Data Available
MODV Earnings Analysis
ModivCare Inc. Common Stock Corporation (MODV.O) Earnings Conference Call
Positive
Q3 2024 Revenue Increase: Third quarter 2024 revenue increased 2% year-over-year to $702 million, driven by 5% PCS growth and 1% NEMT growth.
Q3 Adjusted EBITDA Performance: Third quarter adjusted EBITDA was $43 million or 6.2% of revenue, driven by solid performance in our RPM and PCS segments as well as continued operational improvements and cost savings in NEMT.
Contract Receivables Collection: During the third quarter, we collected $105 million of gross contract receivables, including $42 million from retrospective prepayment resets, and $39 million from an early settlement with our largest MCO client.
Cost Savings Achievement: We achieved our cost savings target for the year with year-to-date savings of $40 million.
Cash Position Update: We ended the third quarter with $48 million in cash.
Negative
Quarterly Financial Performance: Third quarter net loss was approximately $27 million and adjusted net income was $6 million or $0.45 per diluted share.
Q3 Adjusted EBITDA Performance: Third quarter adjusted EBITDA was $43 million or 6.2% of revenue, driven by solid performance in our RPM and PCS segments as well as continued operational improvements and cost savings in NEMT.
NEMT Revenue Performance: NEMT third quarter revenue increased 1% year-over-year and was relatively flat sequentially at $492 million.
NEMT Revenue Insights: NEMT revenue benefited from the onboarding of new contracts and contract reconciliations, offset by slightly lower revenue per member.
Net Contract Receivables Decline: During the third quarter, we ended the quarter in a net contract receivables position of approximately $63 million, down from a net contract receivables position of $79 million at the end of Q2.
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MODV Earning Call Sentiment
ModivCare, Inc. (MODV) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
MODV.O
25%Positive
The earnings call reveals mixed financial performance: slight revenue growth and modest improvements in personal care, but declining margins in NEMT and RPM. The Q&A section highlights management's optimism about transitioning to fee-for-service and deleveraging but lacks clarity on certain financial impacts. The reaffirmed revenue guidance and expected cost savings are positive, but the lowered EBITDA guidance and high debt levels are concerning. Overall, the sentiment is neutral, reflecting balanced positives and negatives, with no strong catalysts for significant stock price movement in the short term.