Healthcare services company Astrana Health will be reporting results this Thursday after market hours. Here’s what to look for.
Astrana Health beat analysts’ revenue expectations last quarter, reporting revenues of $965.1 million, up 55.6% year on year. It was a satisfactory quarter for the company, with a beat of analysts’ EPS estimates but full-year EBITDA guidance slightly missing analysts’ expectations.
Is Astrana Health 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 Astrana Health’s revenue to grow 50.5% year on year, improving from the 34.7% 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. Astrana Health rarely misses Wall Street’s revenue estimates.
Looking at Astrana Health’s peers in the healthcare technology segment, only Omnicell has reported results so far. It exceeded analysts’ revenue estimates, delivering year-on-year sales growth of 7.4%. The stock was down 14.6% on the results.
Read our full analysis of Omnicell’s earnings results here.Investors in the healthcare technology segment have had steady hands going into earnings, with share prices up 1.4% on average over the last month. Astrana Health is down 24% during the same time and is heading into earnings with an average analyst price target of $49.33 (compared to the current share price of $35.65).
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