RDNT Earnings Prediction
The chart below shows how RDNT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, RDNT sees a -0.77% change in stock price 10 days leading up to the earnings, and a +6.11% change 10 days following the report. On the earnings day itself, the stock moves by +1.09%. This data can give you a slight idea of what to expect for the next quarter's release.
RDNT Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
461.14M
14.72%
0.31%
Gross Margin
11.14%
39.77%
-1.15%
Operating Margin
7.45%
-16.76%
-3.62%
Net Margin
2.66%
-55.59%
76.16%
EPS
0.04
-84.00%
-200.00%
No Data Available
RDNT Earnings Analysis
RadNet, Inc. Common Stock Corporation (RDNT.O) Earnings Conference Call
Positive
Q3 Revenue Increase: Total company revenue for Q3 2024 was $461.1 million, representing a $59.2 million increase or 14.7% year-over-year.
EBITDA Growth Surge: Adjusted EBITDA increased by $15.7 million or 27.2% compared to Q3 2023, reaching $73.7 million.
Imaging Center Revenue Growth: Imaging Center segment reported revenue of $452.4 million, an increase of $56.8 million or 14.3% year-over-year, with adjusted EBITDA of $70.4 million, up 26.6%.
Digital Health Performance Surge: Digital Health revenue grew by $4.2 million or 34.3%, with adjusted EBITDA increasing by $950,000 or 41.7% compared to Q3 2023.
Facility Expansion Plans: The company opened five new denovo facilities and anticipates three additional site openings by the end of 2024, contributing to future growth.
Negative
Revenue Decline Q3 2024: Total company revenue for Q3 2024 was reported at $461.1 million, which is a decrease compared to $473.5 million in Q3 2023.
Net Income Decline: Net income for Q3 2024 was $3.2 million, down from $17.5 million in Q3 2023, indicating a significant decline in profitability.
Adjusted EBITDA Analysis: Adjusted EBITDA for Q3 2024 was $73.7 million, which, despite being an increase from the previous quarter, reflects a decrease in margin compared to the same period last year.
Imaging Center Revenue Increase: The Imaging Center segment reported revenue of $452.4 million, which is an increase but does not offset the overall decline in net income and profitability.
Rising Cash Interest Expense: Cash interest expense for Q3 2024 increased to $19.4 million from $16.1 million in Q3 2023, indicating rising costs associated with debt.
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RDNT Earning Call Sentiment
RadNet, Inc. (RDNT) Q3 2024 Earnings Call Transcript
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00:00
00:00
RDNT.O
0.44%Positive
The earnings call indicates strong financial performance with a 14.7% revenue increase and a 27.2% rise in adjusted EBITDA. Despite a decline in net income due to one-time items, guidance for revenue, EBITDA, and free cash flow is raised. The Q&A reveals positive sentiment towards AI initiatives and partnerships, particularly with GE, which is expected to drive margin improvements. The market cap suggests moderate reaction, but overall, the positive financial results and strategic initiatives suggest a 2% to 8% stock price increase.
