Behavioral health company Acadia Healthcare (NASDAQ:ACHC) will be reporting earnings this Wednesday after market close. Here’s what investors should know.
Acadia Healthcare beat analysts’ revenue expectations last quarter, reporting revenues of $865.8 million, flat year on year. It was a strong quarter for the company, with a beat of analysts’ EPS estimates and full-year revenue guidance meeting analysts’ expectations.
Is Acadia Healthcare a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Acadia Healthcare’s revenue to grow 3.1% year on year, slowing from the 4.4% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Acadia Healthcare has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Acadia Healthcare’s peers in the hospital chains segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Tenet Healthcare delivered year-on-year revenue growth of 6.5%, beating analysts’ expectations by 2.1%, and HCA Healthcare reported revenues up 3.6%, topping estimates by 3%. Tenet Healthcare traded up 1.8% following the results while HCA Healthcare’s stock price was unchanged.
Read our full analysis of Tenet Healthcare’s results here and HCA Healthcare’s results here.
There has been positive sentiment among investors in the hospital chains segment, with share prices up 2.4% on average over the last month. Acadia Healthcare is up 2.8% during the same time and is heading into earnings with an average analyst price target of $33.79 (compared to the current share price of $29.68).
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