NASDAQ$CRVL

CorVel Corporation · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

CorVel's Q1 2021 earnings were announced, revealing the impact of the pandemic on healthcare spending and the company's strategic response through technology investments.

CorVel Corporation reported earnings per share of 46 cents and revenues of $129.6 million for the quarter ended June 30, 2020. The results reflect the reduction in elective surgeries and general physician care due to the pandemic. The company's quarter-ending cash balance was $94 million, an increase of $11 million from the prior quarter. CorVel expanded virtual care solutions and continued developing its integrated claims management platform.

  • Earnings per share were reported at 46 cents for the quarter ended June 30, 2020.
  • Revenues for the quarter totaled $129.6 million.
  • The quarter-ending cash balance increased by $11 million to $94 million.
  • The company scaled telehealth physician capabilities and expanded tele-rehab services.

Headline financials

Total Revenue

$130M

Previous: $150M-13.7%
EPS (adj)

$0.15

Previous: $0.24-37.5%
Capital Expenditures

-$3.61M

Previous: -$8.03M+55.1%
Free Cash Flow

$4.7M

Previous: $5.38M-12.7%
Net Income

$8.3M

Previous: $13.4M-38.1%
Operating Income

$10.2M

Previous: $17.2M-40.6%
Gross Profit

$26.5M

Previous: $33.1M-20.0%
Cash & Equivalents

$94.1M

Previous: $104M-9.9%
Total Assets

$425M

Previous: $428M-0.7%
Stock-Based Comp

$995K

Previous: $1.23M-18.8%

Revenue & EPS history

CorVel · Revenue · Quarterly

$130M

Q1 2021-13.7%vs Q1 2020

Revenue by segment

CorVel · $249M total across 2 segments · Q4 2026

  • Patient management services
    $153M
  • Network solutions services
    $95.5M

Historical earnings impact

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

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-1.0%

Avg return

Earnings day

-0.3%

Avg return

5 days after

+0.4%

Avg return

30 days after

48%

30 / 63 earnings

Positive

+11.8%

Q1 2014

Best reaction

-26.1%

Q3 2026

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026-0.7%+6.2%-0.9%
Q3 2026-26.1%-30.2%-21.4%
Q2 2026+4.1%+3.9%-3.8%
Q1 2026+1.2%-0.4%-0.6%
Q4 2025+2.3%+0.2%-9.1%
Q1 2025-0.3%-2.1%+4.0%
Q4 2024-0.3%+0.0%-11.5%
Q3 2025+1.7%+3.1%+5.4%
Q2 2025+3.0%+5.5%+10.4%
Q1 2024+5.9%+4.4%+5.8%
Q4 2023-2.0%-3.7%+0.2%
Q3 2023+6.1%+7.1%+5.3%
Q2 2023-4.8%-4.3%-6.3%
Q1 2023+1.6%-4.9%-6.8%
Q4 2022+1.6%-0.3%-1.1%
Q3 2022-9.9%-14.8%-5.7%
Q2 2022+0.4%+2.9%+5.7%
Q1 2022+8.1%+13.9%+18.7%
Q4 2021+4.0%+4.1%+9.7%
Q3 2021+1.4%+3.6%+2.1%
Q2 2021-7.0%-7.4%-0.2%
Q1 2021-2.9%+3.2%+7.8%
Q4 2020+8.9%+9.4%+14.4%
Q3 2020-3.2%-7.4%-23.9%
Q2 2020-0.7%-0.1%+4.1%
Q1 2020-8.4%-8.8%-7.4%
Q4 2019+4.6%+7.9%+23.0%
Q3 2019-0.5%+0.3%+1.2%
Q2 2019+5.6%+8.9%+25.6%
Q1 2019+1.0%+3.4%+8.5%
Q4 2018-3.2%-5.1%-1.1%
Q3 2018-3.8%-4.3%-11.2%
Q2 2018-3.8%-1.9%-5.6%
Q1 2018+1.8%+4.6%+9.1%
Q4 2017+4.0%+0.8%+1.8%
Q3 2017+2.7%+4.1%+8.4%
Q2 2017-8.0%-8.0%-8.2%
Q1 2017-7.7%-7.5%-19.3%
Q4 2016+8.2%+2.7%-9.7%
Q3 2016-2.3%
Q2 2016+1.4%
Q1 2016+3.8%
Q4 2015-10.6%
Q3 2015+4.2%
Q2 2015-0.1%
Q1 2015-1.2%
Q4 2014+0.0%
Q3 2014+2.4%
Q2 2014-1.7%
Q1 2014+11.8%
Q4 2012+1.3%
Q4 2013+4.5%
Q3 2013+1.6%
Q2 2013-3.8%
Q1 2013+1.7%
Q4 2010-0.7%
Q3 2012-3.4%
Q3 2011-3.4%
Q2 2012-1.7%
Q2 2011-12.3%
Q1 2012-12.3%
Q1 2011-12.3%
Q4 2011-12.3%

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