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P3 Health Partners Inc. (PIII) Reports Q3 Loss, Misses Revenue Estimates
PIIIP3 Health Partners(PIII) ZACKS·2024-11-13 00:15

Core Insights - P3 Health Partners Inc. reported a quarterly loss of 0.31pershare,significantlyworsethantheZacksConsensusEstimateofalossof0.31 per share, significantly worse than the Zacks Consensus Estimate of a loss of 0.03, marking an earnings surprise of -933.33% [1] - The company's revenues for the quarter ended September 2024 were 362.12million,missingtheZacksConsensusEstimateby1.76362.12 million, missing the Zacks Consensus Estimate by 1.76%, but showing an increase from 288.35 million year-over-year [2] - P3 Health Partners shares have declined approximately 71.9% year-to-date, contrasting with the S&P 500's gain of 25.8% [3] Financial Performance - Over the last four quarters, P3 Health Partners has surpassed consensus EPS estimates only once [2] - The current consensus EPS estimate for the upcoming quarter is 0.02onrevenuesof0.02 on revenues of 391.1 million, and for the current fiscal year, it is -0.23onrevenuesof0.23 on revenues of 1.54 billion [7] Market Outlook - The earnings outlook for P3 Health Partners is mixed, with the stock currently holding a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] - The Medical Info Systems industry, to which P3 Health Partners belongs, is currently ranked in the top 19% of over 250 Zacks industries, suggesting a favorable industry outlook [8]