NYSE$MD

Pediatrix Medical Group, Inc. · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Results from continuing operations reflected significant recovery in the second half of the quarter following initial disruption from COVID-19.

MEDNAX reported a net loss of $8.03 per share but an adjusted EPS of $0.32 from continuing operations. Net revenue was $509 million, net income was $8 million, and adjusted EBITDA was $65 million for the second quarter of 2020.

  • Net revenue for the quarter was $509 million.
  • Net income for the quarter was $8 million.
  • Adjusted EPS from continuing operations was $0.32.
  • The company is maintaining its outlook for the initial financial profile of Pediatrix Medical Group.

Headline financials

Total Revenue

$509M

Previous: $868M-41.4%
EPS (adj)

$0.32

Previous: $0.89-64.0%
Adjusted EBITDA

$65.2M

No prior period
Capital Expenditures

-$23.3M

Previous: -$16.5M-41.5%
Free Cash Flow

-$696M

Previous: -$24.7M-2714.0%
Net Income

-$672M

Previous: -$8.25M-8055.7%
Operating Income

$34.9M

Previous: $80.5M-56.6%
Gross Profit

$139M

Previous: $231M-40.1%
Cash & Equivalents

$132M

Previous: $24.5M+439.8%
Total Assets

$3.39B

Previous: $5.64B-39.9%
Stock-Based Comp

$6.38M

Previous: $9.96M-36.0%

Revenue & EPS history

Pediatrix · Revenue · Quarterly

$509M

Q2 2020-41.4%vs Q2 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Forward guidance

The Company anticipates full normalization of patient volumes across all service lines, pending the pandemic.

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 Q2 2020

Historical avgQ2 2020

+0.4%

Avg return

Earnings day

+0.2%

Avg return

5 days after

-0.2%

Avg return

30 days after

50%

34 / 68 earnings

Positive

+31.3%

Q3 2020

Best reaction

-24.8%

Q4 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-7.3%+5.2%+0.0%
Q4 2025-12.2%-8.7%-10.3%
Q3 2025+21.3%+29.2%+37.2%
Q1 2025+12.1%+12.2%+7.5%
Q4 2024+22.1%+9.1%+0.7%
Q3 2024+22.9%+30.5%+21.4%
Q2 2024+26.4%+31.5%+40.9%
Q1 2024-8.4%-11.4%-25.8%
Q4 2023-6.8%-5.4%+0.6%
Q3 2023-11.7%-11.8%-21.8%
Q2 2023+5.9%+6.4%+1.2%
Q1 2023-2.4%-4.5%-5.4%
Q4 2022+4.6%+5.8%-5.0%
Q3 2022-16.2%-18.3%-12.6%
Q2 2022-12.1%-7.8%-22.1%
Q1 2022-18.5%-16.6%-14.4%
Q4 2021-9.2%-8.9%-6.9%
Q3 2021-1.2%-3.3%-10.7%
Q2 2021+7.9%+11.4%+2.1%
Q1 2021+19.5%+14.8%+19.4%
Q4 2020-20.5%-16.8%-0.9%
Q3 2020+31.3%+32.0%+60.5%
Q2 2020-1.3%-1.3%-4.6%
Q1 2020+5.6%-0.7%+38.7%
Q4 2019-24.8%-30.0%-64.6%
Q3 2019+14.6%+18.1%+18.9%
Q2 2019-9.1%-13.6%-14.2%
Q1 2019+3.8%+3.8%-12.7%
Q4 2018-4.2%-5.9%-18.3%
Q3 2018-5.0%-4.4%-2.6%
Q2 2018+10.1%+13.3%+10.4%
Q1 2018-4.4%-3.6%-1.4%
Q4 2017+6.6%+6.7%+13.8%
Q3 2017-4.9%+0.1%+15.6%
Q2 2017-16.8%-20.4%-21.7%
Q1 2017-8.5%-9.9%-8.2%
Q4 2016-3.5%-1.3%+1.1%
Q3 2016-6.3%-6.3%+1.3%
Q2 2016-8.5%-10.8%-16.7%
Q1 2016-2.3%
Q4 2015-3.3%
Q3 2015-4.4%
Q2 2015+4.2%
Q1 2015-1.2%
Q4 2014+5.2%
Q3 2014+10.2%
Q2 2014-4.5%
Q1 2014-2.4%
Q4 2013+5.0%
Q3 2013+2.4%
Q2 2013+1.4%
Q1 2013-1.1%
Q4 2012+0.9%
Q3 2012+7.3%
Q2 2012+4.1%
Q1 2012-6.6%
Q4 2011-1.7%
Q3 2011+2.8%
Q2 2011-0.9%
Q1 2010+1.8%
Q1 2011+4.5%
Q4 2010+2.2%
Q4 2008+2.2%
Q3 2009+2.0%
Q3 2010+2.0%
Q2 2010+2.3%
Q4 2009+2.3%
Q2 2009+2.3%

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