BrightSpring Health Services (NASDAQ:BTSG) Posts Earnings Results, Misses Expectations By $0.08 EPS

BrightSpring Health Services (NASDAQ:BTSG) issued its earnings results on Friday. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.08), Briefing.com reports. The company had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.61 billion. The business’s revenue was up 26.0% on a year-over-year basis. BrightSpring Health Services updated its FY 2024 guidance to EPS.

BrightSpring Health Services Trading Down 8.7 %

NASDAQ BTSG traded down $1.07 during trading hours on Friday, hitting $11.16. 2,212,284 shares of the stock were exchanged, compared to its average volume of 983,688. The company has a quick ratio of 0.96, a current ratio of 1.26 and a debt-to-equity ratio of 1.62. BrightSpring Health Services has a 12-month low of $7.85 and a 12-month high of $12.79. The stock has a 50-day moving average of $11.31.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. BTIG Research began coverage on BrightSpring Health Services in a research report on Friday, June 21st. They set a “buy” rating and a $15.00 target price on the stock. Wells Fargo & Company upped their price target on shares of BrightSpring Health Services from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Monday, May 6th. Twelve analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $15.77.

BrightSpring Health Services Company Profile

BrightSpring Health Services, Inc operates a home and community-based healthcare services platform in the United States. The company's platform focuses on delivering pharmacy and provider services, including clinical and supportive care in home and community settings to Medicare, Medicaid, and insured populations.