ModivCare Reports First Quarter 2021 Financial Results
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ModivCare Inc. (MODV) Misses Q1 EPS by 29c, Revenues Miss
May 7, 2021 6:10 AM EDTModivCare Inc. (NASDAQ: MODV) reported Q1 EPS of $1.31, $0.29 worse than the analyst estimate of $1.60. Revenue for the quarter came in at $453.6 million versus the consensus estimate of $483.06 million.
First Quarter 2021 Highlights:
Revenue of $453.6 million, a 23.5% increase as compared to $367.3 million in Q1 2020Income from continuing operations, net of tax, of $18.9 million or $1.31 per diluted common shareAdjusted EBITDA of $48.0 million, Adjusted Net Income of $27.5 million and Adjusted EPS of $1.92Net cash provided by operating activities during the quarter of $134.6 millionCash and cash equivalents of $299.6 million at March 31, with... More