NYSE$DVA
DaVita HealthCare Partners Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
DaVita's financial performance was impacted by negative volume trends due to COVID and continued labor pressure.
DaVita Inc. reported consolidated revenues of $2.949 billion, operating income of $312 million, and diluted earnings per share of $1.13 for the quarter ended September 30, 2022. The company repurchased 2.1 million shares of its common stock at an average cost of $87.10 per share. The third quarter was challenging due to COVID and labor pressures.
- Consolidated revenues were $2.949 billion.
- Operating income was $312 million and adjusted operating income was $351 million.
- Diluted earnings per share was $1.13 and adjusted diluted earnings per share was $1.45.
- Operating cash flow and free cash flow were $711 million and $500 million, respectively.
Headline financials
Revenue & EPS history
DaVita · Revenue · Quarterly
$2.95B
Revenue by segment
DaVita · $2.97B total across 3 segments · Q3 2022
- U.S. Dialysis Patient Services$2.7B—91.2%
- International Dialysis Patient Service$175M-33.2%5.9%
- Integrated Kidney Care$87M—2.9%
Forward guidance
DaVita provided adjusted operating income, adjusted diluted net income per share attributable to DaVita Inc., and free cash flow guidance for 2022.
Tailwinds
- Absence of ballot initiative expenses: $60 million
- Integrated Kidney Care: -$25 to $0 million
- Treatment volume growth: -$200 to $0 million
- Revenue per treatment growth: $200 to $250 million
- Cost savings initiatives: $125 to $175 million
Headwinds
- Labor pressure and inflation: -$300 to -$250 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 2022
+0.2%
Avg return
Earnings day
+0.5%
Avg return
5 days after
+1.6%
Avg return
30 days after
54%
39 / 72 earnings
Positive
+14.7%
Q3 2019
Best reaction
-24.5%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.6% | +22.2% | +22.4% | |
| Q4 2025 | +11.0% | +26.7% | +34.9% | |
| Q3 2025 | -6.0% | -5.2% | -5.4% | |
| Q1 2025 | -0.2% | +0.7% | -4.9% | |
| Q4 2024 | -11.1% | -12.5% | -19.0% | |
| Q3 2024 | -10.1% | -9.8% | +5.5% | |
| Q2 2024 | -1.1% | +3.6% | +9.8% | |
| Q1 2024 | -3.8% | -1.5% | +5.3% | |
| Q4 2023 | +8.0% | +6.9% | +19.0% | |
| Q3 2023 | +7.4% | +5.1% | +33.9% | |
| Q2 2023 | +6.7% | +8.6% | +1.0% | |
| Q1 2023 | +13.8% | +5.9% | +13.7% | |
| Q4 2022 | -0.3% | -0.3% | -8.4% | |
| Q3 2022 | -24.5% | -27.9% | -23.6% | |
| Q2 2022 | +2.7% | +1.8% | +1.3% | |
| Q1 2022 | -7.1% | -5.0% | -12.7% | |
| Q4 2021 | -1.2% | +3.5% | -2.6% | |
| Q3 2021 | -6.9% | -6.2% | -12.3% | |
| Q2 2021 | +10.2% | +9.7% | +10.0% | |
| Q1 2021 | +2.8% | +8.9% | +6.0% | |
| Q4 2020 | -7.4% | -8.1% | -4.4% | |
| Q3 2020 | -0.0% | +7.7% | +27.4% | |
| Q2 2020 | -4.3% | -8.5% | -4.8% | |
| Q1 2020 | +9.6% | +7.5% | +9.7% | |
| Q4 2019 | +8.8% | +5.7% | -8.0% | |
| Q3 2019 | +14.7% | +13.6% | +17.9% | |
| Q2 2019 | +0.4% | -1.5% | -5.8% | |
| Q1 2019 | -10.4% | -9.8% | -19.4% | |
| Q4 2018 | +1.3% | +3.0% | -6.7% | |
| Q3 2018 | +1.3% | -1.5% | -14.9% | |
| Q2 2018 | +5.4% | +3.9% | -1.4% | |
| Q1 2018 | +4.7% | +1.2% | +5.9% | |
| Q4 2017 | +1.8% | +0.3% | -5.4% | |
| Q3 2017 | -8.5% | -7.4% | +13.0% | |
| Q2 2017 | -9.8% | -10.9% | -9.6% | |
| Q1 2017 | -3.8% | -5.3% | -2.4% | |
| Q4 2016 | +3.2% | +6.2% | +4.5% | |
| Q3 2016 | +1.1% | +0.1% | +11.1% | |
| Q2 2016 | -6.0% | -10.1% | -16.4% | |
| Q1 2016 | +2.9% | — | — | |
| Q4 2015 | -1.7% | — | — | |
| Q3 2015 | -0.9% | — | — | |
| Q2 2015 | +1.0% | — | — | |
| Q1 2015 | -1.1% | — | — | |
| Q4 2014 | -3.8% | — | — | |
| Q3 2014 | -3.9% | — | — | |
| Q2 2014 | +0.1% | — | — | |
| Q1 2014 | -2.8% | — | — | |
| Q4 2013 | +3.9% | — | — | |
| Q3 2013 | -3.0% | — | — | |
| Q2 2013 | -2.9% | — | — | |
| Q1 2013 | +9.4% | — | — | |
| Q4 2012 | -1.1% | — | — | |
| Q3 2012 | +1.4% | — | — | |
| Q2 2012 | -1.1% | — | — | |
| Q1 2012 | -4.9% | — | — | |
| Q4 2011 | +0.3% | — | — | |
| Q3 2011 | +0.8% | — | — | |
| Q2 2011 | -0.2% | — | — | |
| Q1 2011 | +2.9% | — | — | |
| Q4 2010 | +2.4% | — | — | |
| Q3 2010 | -0.4% | — | — | |
| Q2 2010 | +3.3% | — | — | |
| Q1 2009 | +1.1% | — | — | |
| Q1 2010 | +0.3% | — | — | |
| Q4 2009 | -0.1% | — | — | |
| Q3 2009 | +0.1% | — | — | |
| Q3 2008 | +0.1% | — | — | |
| Q2 2008 | +4.6% | — | — | |
| Q4 2008 | +4.6% | — | — | |
| Q2 2009 | +4.6% | — | — | |
| Q4 2007 | +4.6% | — | — |
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