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Privia Health Lags Q2 Earnings Estimates

Privia Health (NASDAQ: PRVA) came out with quarterly earnings of $0.03 per share, missing the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.06 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -40%. A quarter ago, it was expected that this physician practice management company would post earnings of $0.05 per share when it actually produced earnings of $0.02, delivering a surprise of -60%. Over the last four quarters, the company has not been able to surpass consensus EPS estimates. Privia Health, which belongs to the Zacks Medical Info Systems industry, posted revenues of $422.33 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 2.40%. This compares to year-ago revenues of $413.35 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings ...