NASDAQ$CRVL
CorVel Corporation · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
CorVel's Q3 2023 earnings report indicated revenue growth and increased earnings per share compared to the same quarter of the previous year.
CorVel Corporation reported revenues of $179 million for the quarter ended December 31, 2022, up from $165 million in the same quarter of the previous year. Earnings per share increased to $0.96, compared to $0.76 in the prior year. The company saw record new sales in its Enterprise Comp book of business and continued investments in managed care services.
- Revenues for the quarter increased to $179 million from $165 million in the same quarter last year.
- Earnings per share for the quarter rose to $0.96, compared to $0.76 in the same quarter of the previous year.
- Record new sales were achieved in the Enterprise Comp business serving the Workers’ Compensation market.
- Continued investments in managed care services have driven growth in CorVel’s carrier business.
Headline financials
Revenue & EPS history
CorVel · Revenue · Quarterly
$202M
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
The development roadmap for the quarter and beyond includes increased automation and augmentation, which will further optimize bottom-line results and outcomes.
Tailwinds
- Increased automation
- Increased augmentation
- Optimized bottom-line results
- Improved outcomes
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 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% | — | — |
Discussion
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