NASDAQ$CRVL

CorVel Corporation · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

CorVel's Q3 2021 earnings were announced, revealing improved business performance and record new sales.

CorVel Corporation reported earnings for the quarter ended December 31, 2020, with revenues of $141.51 million and earnings per share of 63 cents. The company experienced improved business performance compared to the same quarter in the previous year, driven by operational advancements and increased business development, with record new sales for the calendar year.

  • Earnings per share for the quarter ended December 31, 2020, were 63 cents.
  • Revenues for the quarter ended December 31, 2020, were $141.51 million.
  • Business performance improved over the December 2019 quarter due to operational advancements and increased business development.
  • New sales reached a record for the calendar year, particularly in claims administration and CERiS commercial health review business.

Headline financials

Total Revenue

$142M

Previous: $148M-4.4%
EPS (adj)

$0.21

Previous: $0.17+23.5%
Capital Expenditures

-$13.3M

Previous: -$27.7M+52.1%
Free Cash Flow

-$1.92M

Previous: -$18.4M+89.6%
Net Income

$11.4M

Previous: $9.35M+21.7%
Operating Income

$12.6M

Previous: $13.7M-8.6%
Gross Profit

$30.9M

Previous: $29.3M+5.6%
Cash & Equivalents

$129M

Previous: $89.6M+43.7%
Total Assets

$458M

Previous: $422M+8.5%
Stock-Based Comp

$1.25M

Previous: $1.14M+9.4%

Revenue & EPS history

CorVel · Revenue · Quarterly

$142M

Q3 2021-4.4%vs Q3 2020

Revenue by segment

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

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

Forward guidance

The company did not provide forward guidance in the earnings report.

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 Q3 2021

Historical avgQ3 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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