Privia Health Group Set to Release Earnings Results on August 3rd, Analysts Predict Positive Outcome
August 2, 2023
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Privia Health ($NASDAQ:PRVA) Group, a healthcare technology and services company, is set to release its earnings results on Thursday, August 3rd. Analysts have expressed optimism in the results, forecasting a positive outcome prior to the market opening. Privia Health’s analytics and population health solutions enable physicians to better manage their patient populations and drive improved outcomes.
In addition, it provides cloud-based electronic health record (EHR) solutions, which help clients improve patient experience, optimize provider engagement, and reduce administrative costs. The company also provides practice transformation services to physicians and payers, offering support and resources to help them transition to value-based care models. Analysts have been buoyed by the company’s success in driving revenue growth through innovative technologies and products. Furthermore, Privia Health has formed strategic partnerships with several blue-chip organizations, which has enabled them to expand their offerings and increase their market share.
Earnings
According to the earnings report as of March 31 2021, the total revenue earned by PRIVIA HEALTH was 213.61M USD and net income was 5.4M USD. Compared to the previous year, there has been a 31.9% decrease in total revenue and a 130.8% decrease in net income. Analysts are hopeful that the company will see an increase in its earnings when it releases its earnings results on August 3rd.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Privia Health. More…
| Total Revenues | Net Income | Net Margin |
| 1.43k | 16.25 | 1.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Privia Health. More…
| Operations | Investing | Financing |
| 39.13 | -24.93 | -18.91 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Privia Health. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 875.34 | 318.82 | 4.45 |
Key Ratios Snapshot
Some of the financial key ratios for Privia Health are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 19.9% | – | -0.1% |
| FCF Margin | ROE | ROA |
| 2.7% | -0.1% | -0.1% |
Price History
On Friday, the stock opened at $26.6 and closed at $27.0, up by 3.0% from the previous closing price of 26.2. This news has been received with much enthusiasm by the investors and analysts, who are expecting Privia Health Group to exceed estimates in its earnings results. The company has been performing well in recent quarters, and investors are hoping that this trend will continue with an even better performance in the upcoming quarter. Analysts believe that Privia Health Group will once again post strong numbers, which will boost investor confidence in the company’s future prospects. Live Quote…
Analysis
We at GoodWhale have conducted an analysis of PRIVIA HEALTH‘s fundamentals. Our Star Chart has classified PRIVIA HEALTH as a ‘cheetah’ – meaning it achieved high revenue or earnings growth but is considered less stable due to lower profitability. Based on these findings, investors who are looking for growth potential and are comfortable with a higher level of risk may be interested in investing in PRIVIA HEALTH. Looking into PRIVIA HEALTH’s specific fundamentals, we can see that the company is strong in terms of assets and growth, medium in terms of profitability, and weak in terms of dividend. In terms of its health score, PRIVIA HEALTH holds a strong 10/10 rating with regard to its cashflows and debt, indicating that it is capable to pay off debt and fund future operations. More…
Peers
Privia Health Group Inc is one of the leading players in the healthcare industry, competing against PreAxia Health Care Payment Systems Inc, Livecare Inc, and Evolent Health Inc, among others. These companies all strive to provide the best healthcare services and solutions for their customers, driving innovation in the industry and pushing each other to be better. As such, competition between Privia and its competitors has become increasingly fierce over the years.
– PreAxia Health Care Payment Systems Inc ($OTCPK:PAXH)
Axia Health Care Payment Systems Inc is a leading healthcare payments processor, providing a comprehensive suite of solutions to help providers streamline the revenue cycle management process. With a market capitalization of 1.12 million as of 2022, the company is well-positioned to continue its growth trajectory in the healthcare payments space. Additionally, Axia’s Return on Equity (ROE) of 5.11% provides investors with a solid return on their investment. The company’s solutions help reduce administrative costs, minimize fraud and compliance risks, and track payments across multiple channels. Axia’s payment solutions are used by thousands of providers, health plans, and other healthcare organizations around the world.
– Livecare Inc ($OTCPK:LVCE)
Evolent Health Inc is a health care technology company that provides services to providers and health plans in the United States. The company has a market cap of 2.79B as of 2022, making it one of the largest publicly traded companies in the healthcare industry. The company has a negative return on equity of -3.43%, indicating that it is not able to generate a consistent return from its assets and investments. This suggests that the company is not maximizing its potential earnings and overall shareholder value. Evolent Health Inc is focused on transforming the healthcare delivery system by providing innovative technology, analytics, and consulting solutions to providers, health plans, and other stakeholders.
Summary
Privia Health Group is set to release its earnings results on August 3rd, and analysts predict that the company’s stock price will move up based on the results. Investors should be aware of the potential upside associated with the stock, as well as any risks that may be associated with the company’s performance. The company’s financials will give investors a good indication of how their business is performing, and what their outlook is for the future.
Additionally, investors should research the company’s competitive landscape and monitor news and developments in the industry to get a better understanding of how Privia Health’s performance will be impacted by external events. Overall, investors should use due diligence when researching Privia Health’s stock and consider its performance history before investing.
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