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ModivCare (MODV)
NASDAQ:MODV
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.21Last Year’s EPS
-0.09Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 06, 2025
|% Change Since: -28.45%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture for ModivCare Inc. Highlights included progress in revenue and EBITDA, significant capital strengthening initiatives, and operational cost efficiencies. However, these were countered by notable lowlights such as significant contract losses, challenges from Medicaid redetermination, and flat or declining segments. The company is making efforts to strengthen its financial position and operational efficiency, but significant challenges remain.Company Guidance
In the call, ModivCare Inc. provided detailed guidance, emphasizing a strategic focus on strengthening financial and operational frameworks amidst the challenges of 2024. The company reported fourth-quarter revenue of $702.8 million, culminating in a full-year revenue of $2.8 billion. Adjusted EBITDA for Q4 was $40.4 million, contributing to a total of $161.1 million for the year. Despite facing disruptions from Medicaid redetermination and Medicare Advantage reimbursement cuts, ModivCare navigated these challenges by significantly reducing costs and enhancing client partnerships. The company secured an additional $75 million term loan and $30 million in new second lien notes to bolster its capital position. Looking forward, ModivCare aims to continue strengthening its technology-enabled platforms and execute strategic financial initiatives to support long-term growth. The management anticipates contract losses in 2025 will be partially offset by new wins, with a key focus on transitioning to a fee-for-service model, which currently represents 25% of revenue. The company is not providing formal 2025 guidance due to ongoing strategic reviews and potential material portfolio changes.Revenue and EBITDA Progress
Fourth quarter revenue was $702.8 million, bringing full-year revenue to $2.8 billion. Adjusted EBITDA for Q4 was $40.4 million, totaling $161.1 million for the full year.
Capital Strengthening Initiatives
Secured an incremental $75 million term loan and $30 million in new second lien notes. Appointed Chad Sandler as Chief Transformation Officer and added new directors to the board to drive strategic initiatives.
Operational Cost Efficiencies
Achieved cost savings of $35 million in 2024. Reduced total service expense per trip by approximately 1% sequentially and 4.3% year over year.
Technological Advancements
Enhanced member engagement with self-service tools, reducing the call-to-trip ratio from 42% in Q4 2023 to 34% in Q4 2024.
New Business and Growth Opportunities
Secured approximately $90 million in new business from managed care organizations with a win rate exceeding 90% in the MCO segment over the past two years.
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MODV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MODV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 06, 2025 | $3.55 | $2.75 | -22.54% |
| Nov 06, 2024 | $16.95 | $18.00 | +6.19% |
| Aug 07, 2024 | $19.49 | $23.11 | +18.57% |
| May 02, 2024 | $21.98 | $27.00 | +22.84% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does ModivCare (MODV) report earnings?
ModivCare (MODV) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is ModivCare (MODV) earnings time?
ModivCare (MODV) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MODV EPS forecast?
MODV EPS forecast for the fiscal quarter 2025 (Q1) is -0.21.
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