Modivcare Reports Third Quarter 2024 Financial Results; Affirms 2024 Guidance
ModivCare Inc. (MODV)
Company Research
Source: Business Wire
DENVER--(BUSINESS WIRE)--Modivcare Inc. (the “Company” or “Modivcare”) (Nasdaq: MODV), a technology-enabled healthcare services company that provides a platform of integrated supportive care solutions focused on improving health outcomes, today reported financial results for the three and nine months ended September 30, 2024.Third Quarter 2024 Summary:Service revenue of $702.0 million increased 2.2% from the third quarter of 2023Net loss of $26.6 million, or negative $1.87 per diluted common shareAdjusted EBITDA(1) of $43.2 million, adjusted net income(1) of $6.4 million and adjusted EPS(1) of $0.45 per diluted common shareCash provided by operating activities during the quarter of $9.3 million and free cash flow(2) of $1.5 millionContract receivables, net of contract payables, of $63.1 million as of September 30, 2024______________________________(1)Non-GAAP financial measure reconciliations and other related information about non-GAAP financial measures provided below.(2)Free ca
Show less
Read more
Impact Snapshot
Event Time:
MODV
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
MODV alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
MODV alerts
High impacting ModivCare Inc. news events
Weekly update
A roundup of the hottest topics
MODV
News
- ModivCare Inc.'s (NASDAQ:MODV) Intrinsic Value Is Potentially 98% Above Its Share Price [Yahoo! Finance]Yahoo! Finance
- Blue Wolf Capital Names Anne Bailey as Operating Partner [Yahoo! Finance]Yahoo! Finance
- Non-Emergency Medical Transportation Market Skyrockets to $15,579.98 Million by 2028 Dominated by NEMT Market Leaders - ABC Non-Emergency Medical Transportation, LLC, MTM, Inc. and AMR | The Insight Partners [Yahoo! Finance]Yahoo! Finance
- ModivCare Inc. (NASDAQ: MODV) had its "outperform" rating re-affirmed by analysts at Barrington Research. They now have a $25.00 price target on the stock.MarketBeat
- Implied Volatility Surging for ModivCare (MODV) Stock Options [Yahoo! Finance]Yahoo! Finance
MODV
Earnings
- 11/6/24 - Miss
MODV
Sec Filings
- 12/26/24 - Form 8-K
- 12/18/24 - Form SCHEDULE
- 12/13/24 - Form SC
- MODV's page on the SEC website