Workflow
Why AdaptHealth Stock Got Thrashed on Tuesday
AHCOAdaptHealth(AHCO) The Motley Fool·2024-11-05 23:42

Core Viewpoint - AdaptHealth reported disappointing third-quarter results, missing analyst expectations for revenue, profitability, and guidance, leading to a nearly 10% drop in stock price [1][2][3] Financial Performance - Revenue for the third quarter was just under 806million,showingmarginalyear−over−yeargrowth[2]−Netincomewasapproximately806 million, showing marginal year-over-year growth [2] - Net income was approximately 23 million (0.15pershare),asignificantrecoveryfromalossofover0.15 per share), a significant recovery from a loss of over 454 million in the same quarter last year [2] - The earnings per share fell short of the consensus estimate of 0.19[3]GuidanceAdjustments−Thecompanyreviseditsfull−yearrevenueguidancedownto0.19 [3] Guidance Adjustments - The company revised its full-year revenue guidance down to 3.22 billion to 3.26billion,fromapreviousrangeofnearly3.26 billion, from a previous range of nearly 3.26 billion to almost 3.32billion[4]−AdjustedEBITDAguidancewasalsoloweredto3.32 billion [4] - Adjusted EBITDA guidance was also lowered to 655 million to 675million,downfrom675 million, down from 660 million to 700million[5]−Conversely,freecashflowguidancefor2024wasincreasedto700 million [5] - Conversely, free cash flow guidance for 2024 was increased to 175 million to 195million,upfromthepreviousrangeof195 million, up from the previous range of 160 million to $180 million [5]