NASDAQ$MODVQ

Modivcare Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

ModivCare's financial performance reflected revenue growth driven by acquisitions and operational improvements, offset by pandemic-related impacts.

ModivCare reported Q4 2020 revenue of $398.5 million, a net loss of $2.9 million, and adjusted EPS of $0.98. The company's results were driven by acquisitions and operational improvements.

  • Revenue reached $398.5 million.
  • Loss from continuing operations was $2.9 million, or $0.21 per common share.
  • Adjusted EBITDA was $41.6 million, and Adjusted EPS was $0.98 per diluted common share.
  • Completed $500 million offering of Senior Unsecured Notes.

Headline financials

Total Revenue

$399M

Previous: $385M+3.6%
EPS (adj)

$0.98

Previous: $0.45+117.8%
Capital Expenditures

$7.36M

Previous: $3.56M+107.1%
Free Cash Flow

$53.8M

Previous: $17.3M+211.0%
Net Income

-$3.07M

Previous: -$6.06M+49.4%
Operating Income

$20.9M

Previous: $7.55M+177.2%
Gross Profit

$84M

Previous: $26.4M+218.3%
Cash & Equivalents

$183M

Previous: $61.4M+198.7%
Total Assets

$1.43B

Previous: $597M+138.7%
Stock-Based Comp

$981K

Previous: $1.17M-15.9%

Revenue & EPS history

Modivcare · Revenue · Quarterly

$399M

Q4 2020+3.6%vs Q4 2019
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Forward guidance

Looking ahead, ModivCare expects to capitalize on operational and technology investments in NEMT and build upon the Simplura platform in personal care through strategic acquisitions and organic initiatives.

Tailwinds

  • Expect to reap a return on the operational and technology investments we are making in our non-emergency medical transportation business (NEMT).
  • Well positioned for longer term organic growth supported by favorable industry tailwinds, such as Medicaid and Medicare Advantage expansion
  • The codification of the NEMT benefit which compels states to offer the benefit
  • Adjacent market opportunities, notably our food delivery initiatives.
  • Simplura is an excellent growth platform that we intend to build upon through a combination of strategic acquisitions and organic initiatives.

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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