Acadia Healthcare: Fourth Quarter Earnings Overview
Acadia Healthcare Reports Significant Fourth-Quarter Loss
Acadia Healthcare Co., based in Franklin, Tennessee, announced on Wednesday that it faced a net loss of $1.18 billion in the fourth quarter, a sharp contrast to the profit it posted during the same period last year.
The company reported a quarterly loss of $13.02 per share. However, when excluding asset impairment and other one-time expenses, adjusted earnings were 7 cents per share.
These adjusted results surpassed analysts’ expectations, as a consensus of five analysts surveyed by Zacks Investment Research had anticipated earnings of just 3 cents per share.
Acadia Healthcare, which specializes in inpatient behavioral health services, generated $821.5 million in revenue for the quarter, outperforming the average forecast of $798.7 million from six Zacks analysts.
For the full year, Acadia Healthcare recorded a net loss of $1.1 billion, or $12.16 per share, reversing its profitability from the previous year. Annual revenue reached $3.31 billion.
Looking ahead, the company projects its earnings for the coming year to fall between $1.30 and $1.55 per share, with expected revenue ranging from $3.37 billion to $3.45 billion.
Since the start of the year, Acadia Healthcare’s stock price has risen by 21%. However, over the past twelve months, the shares have declined by 58%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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