Behavioral health company Acadia Healthcare (NASDAQ: ACHC) will be announcing earnings results this Tuesday after the bell. Here’s what you need to know.
Acadia Healthcare beat analysts’ revenue expectations last quarter, reporting revenues of $828.8 million, up 7.6% year on year. It was a slower quarter for the company, with EBITDA guidance for next quarter missing analysts’ expectations significantly and full-year revenue guidance meeting analysts’ expectations.
Is Acadia Healthcare a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Acadia Healthcare’s revenue to decline 2.3% year on year, a reversal from the 9.2% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Acadia Healthcare has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Acadia Healthcare’s peers in the healthcare providers & services segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Tenet Healthcare delivered year-on-year revenue growth of 6.8%, beating analysts’ expectations by 3.9%, and HCA Healthcare reported revenues up 8.7%, topping estimates by 2.4%. Tenet Healthcare traded up 17.2% following the results.
Read our full analysis of Tenet Healthcare’s results here and HCA Healthcare’s results here.
Investors in the healthcare providers & services segment have had steady hands going into earnings, with share prices up 1.3% on average over the last month. Acadia Healthcare is up 24.2% during the same time and is heading into earnings with an average analyst price target of $32.21 (compared to the current share price of $34.51).
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