Evolent Health (NYSE:EVH) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$621.4m (up 22% from 3Q 2023).

• Net loss: US$31.2m (loss narrowed by 5.9% from 3Q 2023).

• US$0.27 loss per share (improved from US$0.30 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Evolent Health EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Healthcare Services industry in the US.

Performance of the American Healthcare Services industry.

The company's shares are down 43% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Evolent Health, and understanding this should be part of your investment process.

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