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R1 RCM Inc. (RCM) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
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For the quarter ended September 2023, R1 RCM Inc. (RCM - Free Report) reported revenue of $572.8 million, up 15.5% over the same period last year. EPS came in at $0.00, compared to -$0.07 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $567.82 million, representing a surprise of +0.88%. The company delivered an EPS surprise of -100.00%, with the consensus EPS estimate being $0.02.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how R1 RCM Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Net operating fees: $368 million versus $363.28 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +13.5% change.
Revenue- Modular and other: $174.70 million versus $178.57 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +15.7% change.
Revenue- Incentive fees: $30.10 million versus $27.40 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +44.7% change.
Shares of R1 RCM Inc. have returned -13.6% over the past month versus the Zacks S&P 500 composite's -1.1% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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R1 RCM Inc. (RCM) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended September 2023, R1 RCM Inc. (RCM - Free Report) reported revenue of $572.8 million, up 15.5% over the same period last year. EPS came in at $0.00, compared to -$0.07 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $567.82 million, representing a surprise of +0.88%. The company delivered an EPS surprise of -100.00%, with the consensus EPS estimate being $0.02.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how R1 RCM Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Net operating fees: $368 million versus $363.28 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +13.5% change.
- Revenue- Modular and other: $174.70 million versus $178.57 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +15.7% change.
- Revenue- Incentive fees: $30.10 million versus $27.40 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +44.7% change.
View all Key Company Metrics for R1 RCM Inc. here>>>Shares of R1 RCM Inc. have returned -13.6% over the past month versus the Zacks S&P 500 composite's -1.1% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.