FMP
Nov 11, 2024 1:27 PM - Davit Kirakosyan
Image credit: FMP
JMP Securities analysts shifted their outlook on agilon health (NYSE:AGL), downgrading the company’s rating from Market Outperform to Market Perform. This adjustment followed agilon’s release of its third-quarter financial results for 2024, which revealed performance below expectations.
Agilon health reported quarterly revenue of $1.45 billion, a 28% year-over-year increase, though slightly under the $1.47 billion forecast. The company also disclosed an adjusted EBITDA of negative $96 million, which missed the analyst’s expectation of negative $19.1 million. This shortfall stemmed from multiple challenges, including rising cost trends, adverse developments from the prior year—largely influenced by Part D—and a lower-than-anticipated effect from risk adjustments.
The company’s third- and fourth-quarter expenses marked a downturn from what had appeared to be promising improvements in the first half of 2024. Medical margins for the year were now anticipated to decline roughly 44%, bringing them to an estimated $225 million at the midpoint of the revised range. Additionally, agilon reported $60 million in unfavorable adjustments tied to claims from 2023, with a further $25 million in elevated medical expenses in the third quarter due to sustained high costs throughout the year.
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...
May 24, 2024 9:30 AM - Rajnish Katharotiya
Earnings call transcripts are invaluable resources for investors, analysts, and financial enthusiasts. They provide insights into a company's performance, strategy, and future outlook, making them essential for making informed investment decisions. With Financial Modeling Prep, Earnings Call Transcr...
May 27, 2024 3:30 PM - Rajnish Katharotiya
In the ever-evolving world of technology, certain sectors have consistently demonstrated exceptional growth and innovation. The graphics processing units (GPUs) industry is one such sector, offering investors a golden opportunity for potentially high returns. In this blog, we'll delve into why inves...