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LifeStance Health Group (LFST) Reports Q3 Loss, Tops Revenue Estimates
LFSTLifeStance Health (LFST) ZACKS·2024-11-07 13:15

Core Viewpoint - LifeStance Health Group (LFST) reported a quarterly loss of 0.02pershare,outperformingtheZacksConsensusEstimateofalossof0.02 per share, outperforming the Zacks Consensus Estimate of a loss of 0.07, and showing improvement from a loss of 0.17pershareayearago[1]FinancialPerformance−Thecompanyachievedrevenuesof0.17 per share a year ago [1] Financial Performance - The company achieved revenues of 312.72 million for the quarter ended September 2024, exceeding the Zacks Consensus Estimate by 3.72% and up from 262.9millioninthesamequarterlastyear[2]−Overthelastfourquarters,LifeStanceHealthhassurpassedconsensusEPSestimatesthreetimesandtoppedconsensusrevenueestimatesfourtimes[2]StockPerformance−LifeStanceHealthshareshavedeclinedapproximately8.9262.9 million in the same quarter last year [2] - Over the last four quarters, LifeStance Health has surpassed consensus EPS estimates three times and topped consensus revenue estimates four times [2] Stock Performance - LifeStance Health shares have declined approximately 8.9% since the beginning of the year, contrasting with the S&P 500's gain of 24.3% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -0.06 on revenues of 308.84million,and−308.84 million, and -0.25 on revenues of $1.22 billion for the current fiscal year [7] - The estimate revisions trend for LifeStance Health is mixed, which may change following the recent earnings report [6] Industry Context - The Medical - Outpatient and Home Healthcare industry, to which LifeStance Health belongs, is currently ranked in the top 24% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]