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ATI Physical Therapy (ATIP)
OTHER OTC:ATIP
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Earnings Data
Report Date
Feb 21, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$3.2Last Year’s EPS
-$2.15Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 04, 2024
|% Change Since: -52.82%
|Next Earnings Date:Feb 21, 2025
Earnings Call Sentiment|Neutral
ATI Physical Therapy's Q3 2024 earnings call reflected a balanced performance with notable revenue growth and increased patient volume being offset by challenges such as rising costs and a significant net loss. The company is navigating a difficult labor market with wage inflation pressures but continues to maintain high patient satisfaction ratings.Company Guidance
In the third quarter of 2024, ATI Physical Therapy reported strong financial performance, with net revenue reaching $190 million, a 7.1% increase from the previous year, and adjusted EBITDA growing to $12 million, reflecting a 6.4% margin. The company experienced a 5% year-over-year increase in patient referrals per day and saw over 1,400 more patient visits daily compared to the third quarter of 2023. Clinician productivity improved slightly, and the company expanded its clinical workforce, achieving a 3% increase in clinician headcount year-over-year while maintaining an attrition rate of 21%. Key operational metrics included 28.3 visits per day per clinic and a consistent rate per visit of $109.83. The company also closed eight clinics and divested one to refine its geographic footprint. Despite persistent wage inflation pressures, ATI maintained a strong Google Star rating of 4.9 out of 5, indicating high patient satisfaction. Looking ahead to Q4, ATI expects revenue between $182 million and $192 million, with adjusted EBITDA projected to range from $9 million to $14 million.Revenue and Adjusted EBITDA Growth
ATI delivered another strong quarter with revenue and adjusted EBITDA growing year-over-year. Revenue reached $190 million, a 7.1% increase from $177 million in the previous year, and adjusted EBITDA increased from $9 million to $12 million.
Increase in Patient Volume and Visits
Patient referrals per day grew more than 5% year-over-year, with clinics seeing over 1,400 more patient visits per day compared to Q3 of last year.
Google Star Rating
ATI maintained a high Google Star rating of 4.9 out of 5, indicating strong patient satisfaction.
Clinician Headcount Growth
Clinician headcount grew by 3% year-over-year, maintaining an annualized clinician attrition rate of 21%, which is in line with the industry.
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ATIP 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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ATIP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $5.15 | $3.08 | -40.19% |
| Aug 05, 2024 | $6.44 | $6.07 | -5.75% |
| May 06, 2024 | $5.00 | $4.65 | -7.00% |
| Feb 26, 2024 | $7.48 | $7.11 | -4.95% |
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 ATI Physical Therapy (ATIP) report earnings?
ATI Physical Therapy (ATIP) is schdueled to report earning on Feb 21, 2025, TBA Not Confirmed.
What is ATI Physical Therapy (ATIP) earnings time?
ATI Physical Therapy (ATIP) earnings time is at Feb 21, 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 ATIP EPS forecast?
ATIP EPS forecast for the fiscal quarter 2024 (Q4) is -$3.2.
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