NASDAQ$MODVQ

Modivcare Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Reported revenue of $320.6 million, income from continuing operations of $38.9 million, and adjusted EPS of $2.69.

Providence Service Corporation reported a decrease in revenue but an increase in operating and net income for Q3 2020. The company's Adjusted EBITDA exceeded the prior year due to lower operating expenses. They also entered into an agreement to acquire Simplura Health Group.

  • Revenue of $320.6 million
  • Income from continuing operations, net of tax, of $38.9 million or $2.51 per diluted common share
  • Adjusted EBITDA of $55.3 million and Adjusted EPS of $2.69
  • Net cash provided by operating activities during the quarter of $140.0 million

Headline financials

Total Revenue

$321M

Previous: $393M-18.5%
EPS (adj)

$2.69

Previous: $0.81+232.1%
Adjusted Ebitda

$55.3M

No prior period
Net Cash Provided By Operating Activities

$140M

No prior period
Capital Expenditures

-$4.79M

Previous: -$7.3M+34.5%
Free Cash Flow

$282M

Previous: $32.8M+762.0%
Net Income

$38.8M

Previous: $8.15M+375.9%
Operating Income

$43.3M

Previous: $17M+155.1%
Gross Profit

$85.1M

Previous: $37.1M+129.2%
Cash & Equivalents

$183M

Previous: $40.6M+351.0%
Total Assets

$792M

Previous: $621M+27.6%
Stock-Based Comp

$1.18M

Previous: $855K+37.7%

Revenue & EPS history

Modivcare · Revenue · Quarterly

$321M

Q3 2020-18.5%vs Q3 2019
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Forward guidance

The acquisition of Simplura Health Group is expected to close in the fourth quarter of 2020.

Historical earnings impact

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

Avg. return before/after earnings

Based on 6 quarterly earnings reports

Historical avg

+0.1%

Avg return

Earnings day

-10.6%

Avg return

5 days after

+29.9%

Avg return

30 days after

53%

33 / 62 earnings

Positive

+21.0%

Q1 2024

Best reaction

-41.0%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2025
Q2 2025
Q1 2025-11.4%-26.5%+198.5%
Q4 2024-22.5%-35.9%-68.1%
Q3 2024+10.6%-0.7%+11.3%
Q2 2024+15.8%+18.8%+59.8%
Q1 2024+21.0%+18.5%+23.0%
Q4 2023-41.0%-37.7%-44.9%
Q3 2023+14.5%
Q2 2023-4.4%
Q1 2023-21.6%
Q4 2022-1.6%
Q3 2022-5.9%
Q2 2022+2.0%
Q1 2022-7.2%
Q4 2021+16.5%
Q3 2021-8.8%
Q2 2021-1.2%
Q1 2021+2.0%
Q4 2020-15.4%
Q3 2020+4.1%
Q2 2020+8.8%
Q1 2020+7.9%
Q4 2019-9.2%
Q3 2019+5.2%
Q2 2019+2.6%
Q1 2019+2.3%
Q4 2018+0.1%
Q3 2018+11.4%
Q2 2018-9.3%
Q1 2018-6.3%
Q4 2017+7.6%
Q3 2017+5.2%
Q2 2017+0.0%
Q1 2017+10.3%
Q4 2016+8.8%
Q3 2016-7.0%
Q2 2016-1.7%
Q1 2016-0.8%
Q4 2015+16.3%
Q3 2015-14.6%
Q2 2015-0.8%
Q1 2015+12.2%
Q4 2014+9.9%
Q3 2014-11.3%
Q2 2014+17.8%
Q1 2014-2.7%
Q4 2013-10.4%
Q3 2013-11.7%
Q2 2013+0.7%
Q1 2013+6.7%
Q4 2012+5.1%
Q3 2012+16.4%
Q2 2012-14.7%
Q1 2011-0.9%
Q1 2012+0.6%
Q4 2009-2.2%
Q4 2011-2.2%
Q3 2010-2.3%
Q3 2011-2.3%
Q2 2011+4.3%
Q2 2010+4.3%
Q4 2010+4.3%
Q1 2010+1.4%

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