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MultiPlan (MPLN)
NYSE:MPLN
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$9.81Last Year’s EPS
-$1.6Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2024
|% Change Since: -24.20%
|Next Earnings Date:Feb 26, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a balanced view, highlighting significant achievements in cost efficiency and new partnerships, but facing challenges with revenue declines and impairments. While strategic initiatives like Vision 2030 are promising, the immediate financial metrics show areas of concern.Company Guidance
During the MultiPlan Corporation third-quarter 2024 earnings call, the company reported that its revenues and adjusted EBITDA were within the guidance range, with revenues reaching approximately $230.5 million, marking a 5.1% decrease from the previous year. The company achieved a quarterly record of $6.4 billion in identified potential savings, reflecting their strategic efforts in cost reduction and transparency. Despite a significant client impact accounting for a 3% revenue headwind, the core business demonstrated resilience, with a 1.4% year-over-year revenue increase excluding this client. The adjusted EBITDA was reported at $141.6 million, with the margin slightly contracting to 61.5%. Looking ahead, MultiPlan revised its full-year revenue guidance to $930-$940 million and adjusted EBITDA to $580-$590 million, reflecting the current business trajectory and robust cost management initiatives.Record Quarterly Achievement in Identified Potential Savings
MultiPlan reached $6.4 billion in identified potential savings, a record quarterly achievement for the company, with total third quarter billed charges at $44.7 billion.
New Client Wins and Strategic Partnerships
Secured 4 new client logos and 165 closed opportunities. Solidified strategic alliance with the National Rural Health Association, initiating products in 4 pilot sites.
Cost Efficiency and Savings Initiatives
Announced plans to modernize data and technology platforms, aiming for 10% to 20% cost efficiency improvements over the coming years. Achieved nearly $4 million in savings by applying internal analytics to benefit plans.
Positive Market Response to BenInsights
BenInsights, a product aimed at optimizing employer benefit plans using data analytics, received a positive market response and demonstrated material results when applied internally.
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MPLN 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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MPLN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $8.80 | $8.45 | -3.98% |
| Aug 01, 2024 | $18.00 | $14.40 | -20.00% |
| May 08, 2024 | $26.00 | $24.29 | -6.58% |
| Feb 29, 2024 | $44.80 | $44.80 | 0.00% |
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 MultiPlan (MPLN) report earnings?
MultiPlan (MPLN) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is MultiPlan (MPLN) earnings time?
MultiPlan (MPLN) earnings time is at Feb 26, 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 MPLN EPS forecast?
MPLN EPS forecast for the fiscal quarter 2024 (Q4) is -$9.81.
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