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Stephen Distler
what's going on with this stock…a comment for the analyst would be greatly appreciated
Stephen: Evolent Health Inc. (NYSE: EVH) reported a third-quarter loss of $12.6 million. Adjusted for non-recurring costs, the loss came to 4 cents per share. That still beat the consensus expectations of analysts, who had expected a loss of 9 cents per share.
The health care software and consulting services provider posted third-quarter adjusted revenue of $108.4 million, also beating Wall Street forecasts. Analysts had expected revenue of $104.5 million.
Evolent’s stock has dipped recently, largely due to uncertainties over Obamacare. The company also has been making expensive investments in future growth that have weighed on operating results.
The firm is expanding its network with partners in the promising territories of Illinois and New Mexico. In particular, Evolent is gearing up to add 160,000 Medicaid enrollees on behalf of CountyCare Health Plan, a subsidiary of Cook County Health & Hospitals System.
Health care policy battles in Washington have generated volatility for the stock and those in its industry. But Evolent is well-positioned and should emerge in even stronger shape over the long haul. Now that the health care delivery system’s status quo appears safe, this company is in the right business at the right time.
Stock Talk
Stephen Distler
what's going on with this stock…a comment for the analyst would be greatly appreciated
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John Persinos
Stephen: Evolent Health Inc. (NYSE: EVH) reported a third-quarter loss of $12.6 million. Adjusted for non-recurring costs, the loss came to 4 cents per share. That still beat the consensus expectations of analysts, who had expected a loss of 9 cents per share.
The health care software and consulting services provider posted third-quarter adjusted revenue of $108.4 million, also beating Wall Street forecasts. Analysts had expected revenue of $104.5 million.
Evolent’s stock has dipped recently, largely due to uncertainties over Obamacare. The company also has been making expensive investments in future growth that have weighed on operating results.
The firm is expanding its network with partners in the promising territories of Illinois and New Mexico. In particular, Evolent is gearing up to add 160,000 Medicaid enrollees on behalf of CountyCare Health Plan, a subsidiary of Cook County Health & Hospitals System.
Health care policy battles in Washington have generated volatility for the stock and those in its industry. But Evolent is well-positioned and should emerge in even stronger shape over the long haul. Now that the health care delivery system’s status quo appears safe, this company is in the right business at the right time.
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Stephen Distler
thanks so much…appreciate the response
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