Group 1: Earnings Performance - RadNet reported quarterly earnings of $0.16 per share, matching the Zacks Consensus Estimate, but down from $0.24 per share a year ago [1] - The company posted revenues of $459.71 million for the quarter ended June 2024, exceeding the Zacks Consensus Estimate by 5.12% and up from $403.72 million year-over-year [2] - Over the last four quarters, RadNet has surpassed consensus EPS estimates three times and topped consensus revenue estimates four times [2] Group 2: Stock Performance and Outlook - RadNet shares have increased approximately 71% since the beginning of the year, significantly outperforming the S&P 500's gain of 9.9% [3] - The company's earnings outlook is crucial for assessing future stock performance, with current consensus EPS estimates at $0.16 for the coming quarter and $0.58 for the current fiscal year [4][7] - The estimate revisions trend for RadNet is currently unfavorable, resulting in a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [6] Group 3: Industry Context - The Medical - Outpatient and Home Healthcare industry, to which RadNet belongs, is currently in the top 35% of over 250 Zacks industries, suggesting a favorable industry outlook [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact RadNet's stock performance [5]

Total Company Revenue increased 13.9% to $459.7 million in the second quarter of 2024 from $403.7 million in the second quarter of 2023; Revenue from the Digital Health reportable segment (inclusive of intersegment revenue) increased 36.4% to $15.8 million in the second quarter of 2024 from $11.6 million in the second quarter of 2023 Digital Health Revenue growth resulted in part from a $3.2 million (or 136.6%) increase in AI Revenue, which climbed to $5.6 million during the second quarter of 2024 from $2.4 ...

RadNet, Inc. (RDNT) is set to release results for the second quarter of 2024 on Aug 8 before the opening bell. For the second quarter of 2024, the Zacks Consensus Estimate for RadNet's revenues is pegged at $437.3 million, an increase of 8.3% from the year-ago reported figure. Estimates for RadNet's Q2 earnings have remained unchanged at 16 cents per share in the past 30 days. On the first-quarter earnings call, management stated that the segment's revenues were boosted by improved reimbursements from comme ...

Investors are invited to listen to RadNet's conference call by dialing 844-826-3035. International callers can dial 412-317-5195. There will also be simultaneous and archived webcasts available at https://viavid.webcasts.com/starthere.jsp?ei=1680804&tp_key=197206db18. An archived replay of the call will also be available and can be accessed by dialing 844-512-2921 from the U.S., or 412-317-6671 for international callers, and using the passcode 10191154. About RadNet, Inc. RadNet, Inc., is the leading nation ...

Investors are invited to listen to RadNet's conference call by dialing 844-826-3035. International callers can dial 412-317-5195. There will also be simultaneous and archived webcasts available at https://viavid.webcasts.com/starthere.jsp?ei=1680804&tp_key=197206db18. An archived replay of the call will also be available and can be accessed by dialing 844-512-2921 from the U.S., or 412-317-6671 for international callers, and using the passcode 10191154. CONTACTS: LOS ANGELES, July 16, 2024 (GLOBE NEWSWIRE) ...

HB 1259 expands breast and lung cancer screening coverage. Since January 1, 2024, Maryland-regulated insurers have been prohibited from imposing a copayment, coinsurance, or deductible on coverage for diagnostic mammograms, breast ultrasound, or breast Magnetic Resonance Imaging (MRI) for the detection and diagnosis of breast cancer. This has made imaging more accessible and affordable to patients in Maryland. The new bill now expands that legislation to include image-guided breast biopsy. Additionally, und ...

ANNAPOLIS, Md., June 20, 2024 (GLOBE NEWSWIRE) -- The state of Maryland continues to expand access to crucial healthcare services. RadNet, Inc. (NASDAQ: RDNT), a national leader in providing high-quality, cost-effective outpatient diagnostic imaging services, made public statements to Maryland state committees in support of three bills on breast and lung screening. Maryland Governor Wes Moore recently signed those bills into state law, expanding residents' access to affordable, preventive healthcare. House ...

To that end, stocks like G-III Apparel Group, Ltd. (GIII) , RadNet, Inc. (RDNT) and Hess Corporation (HES) have been selected as the momentum picks for the day using the Driehaus strategy. Regarding the strategy, Driehaus once said: "I would much rather invest in a stock that's increasing in price and take the risk that it may begin to decline than invest in a stock that's already in decline and try to guess when it will turn around." In line with this insight, the American Association of Individual Investo ...

Core Insights - RadNet, Inc. is a national leader in providing high-quality, cost-effective diagnostic imaging services through a network of outpatient imaging centers [3] - The company will present at the Sidoti & Company 2024 Small Cap Conference on June 12, 2024, at 12:15 p.m. Eastern Time [1][3] Company Overview - RadNet operates a network of 375 owned and/or operated outpatient imaging centers across several states including California, Maryland, Delaware, New Jersey, New York, Florida, Texas, and Arizona [3] - The company is recognized as the leading national provider of freestanding, fixed-site diagnostic imaging services in the U.S. based on the number of locations and annual imaging revenue [3] - RadNet employs over 9,700 individuals, including full-time and per diem employees and technologists [3]

Company Overview - RadNet, Inc. is a leading national provider of freestanding, fixed-site diagnostic imaging services in the United States, based on the number of locations and annual imaging revenue [3] - The company operates a network of 375 owned and/or operated outpatient imaging centers across various states including California, Maryland, Delaware, New Jersey, New York, Florida, Texas, and Arizona [3] - RadNet employs over 9,700 individuals, including full-time and per diem employees and technologists [3] Upcoming Presentation - Mark Stolper, Executive Vice President and Chief Financial Officer of RadNet, will present at the Sidoti & Company 2024 Small Cap Conference on June 12, 2024, at 12:15 p.m. Eastern Time [1][3] - The presentation will be available via simultaneous and archived webcasts [2]