NASDAQ$ASTH

Astrana Health Inc · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Reported strong third quarter performance with revenue up and a 15% adjusted EBITDA margin.

Apollo Medical Holdings reported a strong third quarter with a 10% increase in total revenue and a 34% increase in capitated revenue compared to the previous year. The company achieved a 15% adjusted EBITDA margin and narrowed its full-year guidance range. They also announced the intent to acquire assets relating to Community Family Care Medical Group and partnerships with two other provider groups, expanding their value-based care business.

  • Total revenue increased by 10% year-over-year.
  • Capitated revenue increased by 34% year-over-year.
  • Adjusted EBITDA margin was 15%.
  • The company announced the intent to acquire assets relating to Community Family Care Medical Group.

Headline financials

Total Revenue

$348M

Previous: $317M+9.8%
EPS (adj)

$0.47

Previous: $0.52-9.6%
Adjusted EBITDA Margin

15.0%

No prior period
Capital Expenditures

-$21.5M

Previous: -$22.1M+2.6%
Free Cash Flow

$587K

Previous: $3.93M-85.1%
Net Income

$22.1M

Previous: $26M-15.1%
Operating Income

$39.1M

Previous: $50.1M-22.0%
Gross Profit

-$279M

Previous: -$245M-13.8%
Cash & Equivalents

$274M

Previous: $184M+48.9%
Total Assets

$1.07B

Previous: $943M+13.8%
Stock-Based Comp

$5.71M

Previous: $3.5M+62.9%

Revenue & EPS history

Astrana Health · Revenue · Quarterly

$348M

Q3 2023+9.8%vs Q3 2022
Beat estimate in 10 of 14 quarters(71%)
ActualEstimate

Forward guidance

ApolloMed narrowed its full-year 2023 guidance, which includes the impact of excluded assets held by APC. These ranges are based on the Company’s existing business, current view of existing market conditions, and assumptions for the year ending December 31, 2023.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2023

Historical avgQ3 2023

+0.7%

Avg return

Earnings day

-2.1%

Avg return

5 days after

+2.1%

Avg return

30 days after

40%

23 / 57 earnings

Positive

+83.3%

Q3 2011

Best reaction

-40.5%

Q2 2012

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025+29.4%+22.5%+20.6%
Q3 2025-23.4%-29.4%-33.8%
Q1 2025-11.1%-20.8%-24.5%
Q4 2024-26.8%+5.0%+16.1%
Q3 2024-21.1%-27.9%-30.4%
Q2 2024-1.4%-1.8%+0.1%
Q1 2024-0.7%+1.5%+8.0%
Q4 2023+2.3%+1.8%-1.9%
Q3 2023+9.3%+2.9%+13.4%
Q2 2023+4.2%+3.5%-17.4%
Q1 2023+5.4%+7.0%-0.8%
Q4 2022+6.9%+5.2%+15.2%
Q3 2022+8.4%+8.9%-14.5%
Q2 2022-4.3%-11.0%-29.3%
Q1 2022-0.5%-5.4%-26.4%
Q4 2021-2.0%-11.0%-7.0%
Q3 2021+14.7%+30.5%+0.8%
Q2 2021-11.8%-10.7%-12.9%
Q1 2021+4.5%+4.7%+10.9%
Q4 2020+9.1%+8.8%+8.3%
Q3 2020-1.2%-1.6%+0.5%
Q2 2020+1.8%+2.4%+7.9%
Q1 2020-10.4%-11.6%+13.1%
Q4 2019-12.9%-24.0%+7.0%
Q3 2019-2.9%-0.9%+25.0%
Q2 2019-5.0%+4.8%+31.1%
Q1 2019-1.2%-4.3%-29.7%
Q4 2018-6.4%-8.3%-6.9%
Q3 2018+26.3%+4.0%-4.6%
Q2 2018-13.7%-23.3%-32.2%
Q4 2017+10.8%-6.3%+2.1%
Q1 2018+10.8%-6.3%+2.1%
Q3 2017+3.9%+3.9%+140.0%
Q2 2017+0.0%+0.0%-10.5%
Q1 2017+0.0%+6.7%+36.7%
Q1 2016+4.0%+4.0%+0.0%
Q3 2016-4.8%
Q2 2016-12.9%
Q1 2015-6.5%
Q3 2015-3.2%
Q2 2015+0.0%
Q2 2014+15.6%
Q4 2013
Q3 2013+1.6%
Q2 2013+13.5%
Q1 2013-13.3%
Q4 2012-2.2%
Q3 2012-9.1%
Q2 2012-40.5%
Q1 2012+0.0%
Q4 2011
Q3 2011+83.3%
Q2 2011+0.5%
Q1 2011-0.5%
Q4 2010-3.9%
Q3 2010+19.0%
Q2 2010+0.0%
Q1 2010-2.1%
Q4 2009+9.9%

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