ModivCare Reports Fourth Quarter and Full Year 2020 Financial Results
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ModivCare Inc. (MODV) Misses Q4 EPS by 54c, Revenues Miss
February 26, 2021 6:39 AM ESTModivCare Inc. (NASDAQ: MODV) reported Q4 EPS of $0.98, $0.54 worse than the analyst estimate of $1.52. Revenue for the quarter came in at $398.5 million versus the consensus estimate of $395.5 million.
Fourth Quarter 2020 Highlights:
Revenue of $398.5 millionLoss from continuing operations, net of tax, was $2.9 million, or $0.21 per common share, primarily a result of non-recurring bond financing and acquisition-related costsAdjusted EBITDA of $41.6 million, Adjusted Net Income of $13.9 million and Adjusted EPS of $0.98 per diluted common shareCompleted $500 million offering of Senior Unsecured NotesClosed acquisition of Simplura Health Group ("Simplura"), creating personal care... More