Equities analysts forecast that ModivCare Inc. (NASDAQ:MODV) will post $1.86 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for ModivCare’s earnings. The lowest EPS estimate is $1.82 and the highest is $1.89. ModivCare reported earnings of $0.98 per share in the same quarter last year, which suggests a positive year over year growth rate of 89.8%. The company is expected to issue its next quarterly earnings results on Friday, February 25th.
On average, analysts expect that ModivCare will report full-year earnings of $7.53 per share for the current year, with EPS estimates ranging from $7.50 to $7.56. For the next fiscal year, analysts expect that the business will report earnings of $7.69 per share, with EPS estimates ranging from $7.52 to $7.85. Zacks’ EPS calculations are a mean average based on a survey of research firms that follow ModivCare.
ModivCare (NASDAQ:MODV) last announced its quarterly earnings results on Friday, November 5th. The company reported $1.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.42 by $0.21. The business had revenue of $493.10 million for the quarter, compared to analyst estimates of $502.45 million. ModivCare had a return on equity of 23.04% and a net margin of 1.20%. ModivCare’s quarterly revenue was up 53.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.69 EPS.
Several research analysts have commented on MODV shares. Zacks Investment Research raised ModivCare from a “hold” rating to a “strong-buy” rating and set a $173.00 target price on the stock in a report on Wednesday, November 17th. TheStreet downgraded ModivCare from a “b” rating to a “c” rating in a report on Friday, November 12th. Finally, Deutsche Bank Aktiengesellschaft started coverage on ModivCare in a report on Friday. They set a “buy” rating and a $180.00 target price on the stock.
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