NASDAQ$CRVL
CorVel Corporation · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
CorVel's revenue and earnings were announced for the quarter ended June 30, 2022.
CorVel Corporation reported revenues of $176.31 million and earnings per share of $0.94 for the quarter ended June 30, 2022. Revenue increased compared to the same quarter of the previous year. The company focused on developing and optimizing systems to enhance team member efficiency and effectiveness.
- Earnings per share for the quarter were $0.94, compared to $0.92 in the same quarter of the prior year.
- Revenues for the quarter were $176.31 million, an increase from $152.62 million in the same quarter of the previous year.
- Revenue growth in the year has been strong led by CERiS, in the payment integrity space.
- The company focused on developing and optimizing systems to enhance team member efficiency and effectiveness.
Headline financials
Revenue & EPS history
CorVel · Revenue · Quarterly
$176M
Revenue by segment
CorVel · $249M total across 2 segments · Q4 2026
- Patient management services$153M—61.6%
- Network solutions services$95.5M—38.4%
Forward guidance
All statements included in this press release, other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements are based on the Company’s current expectations, estimates and projections about the Company, management’s beliefs, and certain assumptions made by the Company, and events beyond the Company’s control, all of which are subject to change.
Tailwinds
- Commercial health-focused operation
- Improved productivity resulting from automation
- Augmentation across enterprise business systems
- Expansion within ancillary network
Headwinds
- Impact of the COVID-19 pandemic on our business
- Results of operations
- Financial condition is greater than our initial assessment
- Risk Factors in the Company’s Annual Report on Form 10-K
- The Company’s Quarterly Report on Form 10-Q
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 2023
-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
| Quarter | Report date | Reaction (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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