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P3 Health Partners (PIII)
NASDAQ:PIII
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Earnings Data
Report Date
Mar 28, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.19Last Year’s EPS
-0.22Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 20, 2022
|% Change Since: -46.15%
|Next Earnings Date:Apr 25, 2022
Earnings Call Sentiment|Neutral
The earnings call highlighted significant growth in revenue and strategic initiatives to improve profitability. However, the company faced challenges with EBITDA loss and increased medical expenses, leading to cash flow concerns and market exits. The sentiment is cautiously optimistic but tempered by financial and operational hurdles.Company Guidance
During P3 Health Partners' Q3 2024 earnings call, the company provided guidance emphasizing a strategic focus on initiatives expected to significantly impact their financial metrics. They outlined over $130 million in improvement opportunities, with efforts directed towards enhancing operational efficiency, refining payer and provider networks, and leveraging data analytics. The company anticipates these initiatives will notably influence EBITDA and cash flow, starting modestly in Q4 2024 and more substantially in 2025. Specific financial metrics mentioned included a 26% year-over-year revenue growth to $362.1 million, driven by a 22% increase in membership to over 128,900, although they faced a $71 million adjusted EBITDA loss, primarily due to $35 million in retroactive adjustments and $5-10 million in elevated medical claims costs. The guidance also highlighted a focus on improving coding and documentation accuracy and rationalizing provider networks to enhance medical margins, with half of their markets achieving over 80% positive medical margin membership.Revenue Growth
Total revenue for the third quarter grew by 26% year-over-year, driven by a 22% increase in membership and a 6% rise in funding.
Strategic Initiatives for Profitability
A comprehensive plan with $130 million plus of initiatives is underway to impact EBITDA and cash flow positively. This includes improvements in contracts, operating model, operating efficiency, and data analytics.
Partnerships and Expansion
Signed an agreement with the largest health system in Southern Nevada to create a clinically integrated system of care.
Coding and Documentation Improvement
A partner in Oregon improved coding and documentation accuracy by 40% while doubling its membership.
Operational Enhancements
Launched new programs to improve palliative and hospice care, increasing enrollment from less than 1% in 2023 to 2.3% today, with a goal of 4% by 2025.
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PIII 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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PIII Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $0.39 | $0.25 | -35.90% |
| Aug 07, 2024 | $0.62 | $0.59 | -4.84% |
| May 08, 2024 | $0.75 | $0.73 | -2.67% |
| Mar 28, 2024 | $1.03 | $0.88 | -14.56% |
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 P3 Health Partners (PIII) report earnings?
P3 Health Partners (PIII) is schdueled to report earning on Mar 28, 2025, TBA Not Confirmed.
What is P3 Health Partners (PIII) earnings time?
P3 Health Partners (PIII) earnings time is at Mar 28, 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 PIII EPS forecast?
PIII EPS forecast for the fiscal quarter 2024 (Q4) is -0.19.
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