NYSE$CTEV

Claritev Corp · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

MultiPlan reported strong growth with record quarterly results in revenues and Adjusted EBITDA.

MultiPlan Corporation reported financial results for the third quarter ended September 30, 2021. Q3 2021 Revenues were $288.2 million and Net Income was $78.2 million.

  • Q3 2021 revenues reached $288.2 million.
  • Q3 2021 net income was $78.2 million.
  • Q3 2021 Adjusted EBITDA was $218.4 million.
  • Q4 2021 revenue guidance is $285 million to $300 million.

Headline financials

Total Revenue

$288M

Previous: $224M+28.9%
EPS (adj)

$5.60

Previous: -$11.20+150.0%
Claim Charges Processed

$31.2B

Previous: $27.8B+12.2%
Capital Expenditures

$20.4M

Previous: $14.5M+41.2%
Free Cash Flow

$147M

Previous: -$16.1M+1012.3%
Net Income

$78.2M

Previous: $0.00
Operating Income

$104M

Previous: $0.00
Gross Profit

$244M

Previous: $75.7M+222.0%
Cash & Equivalents

$225M

Previous: $0.00
Total Assets

$8.28B

Previous: $1.11B+647.5%
Stock-Based Comp

$4.75M

Previous: $262M-98.2%

Revenue & EPS history

Multiplan · Revenue · Quarterly

$288M

Q3 2021+28.9%vs Q3 2020
Beat estimate in 8 of 9 quarters(89%)
ActualEstimate

Forward guidance

The Company anticipates Q4 2021 revenues between $285 million and $300 million with Adjusted EBITDA between $215 million and $225 million.

Historical earnings impact

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

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2021

Historical avgQ3 2021

-6.5%

Avg return

Earnings day

-5.1%

Avg return

5 days after

-3.8%

Avg return

30 days after

36%

9 / 25 earnings

Positive

+20.8%

Q1 2021

Best reaction

-32.8%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-8.8%+7.7%-2.6%
Q4 2025-31.8%-42.0%-31.4%
Q3 2025+11.8%-5.4%-45.2%
Q1 2025+4.2%+7.5%+95.1%
Q4 2024-32.8%-28.1%-24.8%
Q3 2024-6.5%-3.4%-22.6%
Q2 2024-23.9%-10.2%-47.8%
Q1 2024+10.9%-1.5%-36.6%
Q4 2023-0.9%-13.4%-27.6%
Q3 2023-6.5%-9.7%-14.3%
Q2 2023-8.9%-14.0%-17.8%
Q1 2023-5.4%+21.0%+97.6%
Q4 2022-10.2%+10.0%+6.0%
Q3 2022-27.8%-18.3%-31.1%
Q2 2022-12.4%-13.4%-33.1%
Q1 2022+1.0%+18.4%+27.4%
Q4 2021-8.0%-18.9%-14.4%
Q3 2021+0.2%-11.0%-4.3%
Q2 2021-6.2%-10.5%-20.6%
Q1 2021+20.8%+27.0%+45.5%
Q2 2020+0.5%-0.2%+1.9%
Q4 2020-18.6%-20.3%-19.7%
Q3 2020-4.6%+0.7%+20.8%
Q1 2020+0.5%+0.7%+2.3%
Q4 2019+0.5%+0.7%+2.3%
Q3 2019
Q2 2019
Q1 2019

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