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Aveanna Healthcare Holdings (AVAH)
NASDAQ:AVAH
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Earnings Data
Report Date
Mar 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
>-$0.01Last Year’s EPS
-$0.02Same Quarter Last Year
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -4.78%
|Next Earnings Date:Mar 13, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant revenue and EBITDA growth, successful preferred payer agreements, and improvements in segments like Private Duty Services and Medical Solutions. However, challenges remain with labor market constraints and rate increases in California. The impact of recent hurricanes also posed operational disruptions. The positive financial metrics and strategic progress outweigh these challenges.Company Guidance
During the Aveanna Healthcare Holdings Q3 2024 earnings call, the executive team provided revised guidance for the full year. They anticipate full-year revenue to reach approximately $2 billion, with adjusted EBITDA exceeding $168 million. This outlook reflects a strategic focus on enhancing partnerships with government and preferred payers, resulting in a Q3 revenue increase of 6.5% year-over-year to $509 million, and a 32.2% rise in adjusted EBITDA to $47.8 million. Key metrics highlighted include a 6.4% revenue growth in the Private Duty Services segment and a 12.6% increase in the Medical Solutions segment. The company also reported a gross margin of 31.4% and noted improvements in the labor market and caregiver hiring trends. The guidance underscores Aveanna's commitment to leveraging strategic initiatives, including preferred payer agreements, which accounted for 47% of their Private Duty Services MCO volumes in Q3.Revenue Growth
Revenue for the third quarter was approximately $509 million, representing a 6.5% increase over the prior year period.
Adjusted EBITDA Increase
Third quarter adjusted EBITDA was $47.8 million, representing a 32.2% increase over the prior year period.
Preferred Payer Agreements
Year-to-date, Aveanna added 7 additional preferred payer agreements, increasing their total to 21, with a goal to exceed 22 by year-end.
Private Duty Services Growth
Revenue increased by 6.4% with approximately 10.5 million hours of care, a volume increase of 3.8% over the prior year.
Home Health & Hospice Segment Improvement
Gross margins improved to 53.9%, up 6% from the prior year period.
Medical Solutions Segment Performance
Revenue of $45.3 million, a 12.6% increase over the prior year, and gross margins were approximately $20.7 million or 45.6% for the quarter.
Free Cash Flow
Cash provided by operating activities was $19.2 million, and free cash flow was approximately $17 million for the quarter.
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AVAH 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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AVAH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $4.81 | $5.59 | +16.22% |
| Aug 08, 2024 | $3.43 | $4.54 | +32.36% |
| May 09, 2024 | $2.42 | $2.48 | +2.48% |
| Mar 14, 2024 | $2.50 | $2.42 | -3.20% |
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 Aveanna Healthcare Holdings (AVAH) report earnings?
Aveanna Healthcare Holdings (AVAH) is schdueled to report earning on Mar 13, 2025, TBA Not Confirmed.
What is Aveanna Healthcare Holdings (AVAH) earnings time?
Aveanna Healthcare Holdings (AVAH) earnings time is at Mar 13, 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 AVAH EPS forecast?
AVAH EPS forecast for the fiscal quarter 2024 (Q4) is >-$0.01.
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