ModivCare (MODV) Q4 Earnings and Revenues Top Estimates

Core Viewpoint - ModivCare reported quarterly earnings of $0.19 per share, exceeding the Zacks Consensus Estimate of a loss of $0.10 per share, but down from $1.29 per share a year ago [1][2] Financial Performance - The earnings surprise for the quarter was 290%, with a previous expectation of $0.59 per share, but the actual earnings were $0.45, resulting in a surprise of -23.73% [2] - ModivCare's revenues for the quarter ended December 2024 were $702.8 million, surpassing the Zacks Consensus Estimate by 0.51%, compared to $703.22 million in the same quarter last year [3] - The company has exceeded consensus revenue estimates two times in the last four quarters [3] Stock Performance - ModivCare shares have declined approximately 71.6% since the beginning of the year, while the S&P 500 has only decreased by 0.7% [4] - The current consensus EPS estimate for the upcoming quarter is -$0.34 on revenues of $715.67 million, and for the current fiscal year, it is $0.67 on revenues of $2.86 billion [8] Industry Outlook - The Medical Services industry, to which ModivCare belongs, is currently ranked in the top 28% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [9]