Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
BrightSpring Health Services, Inc. (BTSG)
:BTSG
RESEARCH TOOLSreports
Holding BTSG?
Track your performance easily
Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.2Last Year’s EPS
-0.06Same Quarter Last Year
Strong Buy
Based on 11 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:May 02, 2024
|% Change Since: 23.91%
|Next Earnings Date:Feb 29, 2024
Earnings Call Sentiment|Positive
The earnings call highlighted significant revenue and EBITDA growth, strong performance in both the Pharmacy Solutions and Provider Services segments, and an increase in financial guidance for 2024. However, there were some concerns regarding nonrecurring costs and potential challenges from biosimilars, though these were not deemed significant enough to alter the positive outlook.Company Guidance
During BrightSpring Health Services' Q3 2024 earnings call, the company provided updated guidance, reflecting robust financial performance. Total revenue for the third quarter was reported at $2.9 billion, marking a 29% increase year-over-year, while adjusted EBITDA reached $151 million, growing by 16% compared to the previous year. The company raised its full-year 2024 revenue guidance to a range of $11.0 billion to $11.3 billion and adjusted EBITDA to $580 million to $585 million, with expectations of continued margin expansion in Q4. The Pharmacy Solutions segment significantly contributed to the growth, with a 35% year-over-year revenue increase, driven by strong script volume and 42% growth in the Infusion and Specialty business. Additionally, BrightSpring highlighted strategic M&A and de novo expansion as key focus areas to complement organic growth, emphasizing their commitment to providing high-quality, coordinated care in expanding markets.Strong Revenue and EBITDA Growth
Third quarter total revenue was $2.9 billion, representing 29% growth year-over-year. Adjusted EBITDA was $151 million, representing 16% growth year-over-year.
Pharmacy Solutions Segment Performance
Pharmacy Solutions revenue of $2.3 billion represented 35% growth compared with the third quarter of last year. Infusion and Specialty business grew 42% year-over-year, while home community pharmacy revenue grew 19% year-over-year.
Provider Services Segment Growth
Provider Services revenue grew 10% year-over-year with home healthcare revenue growing 13% and community and rehab care revenue growing 8% year-over-year.
Guidance Increase
The company raised the midpoint of its total revenue and adjusted EBITDA guidance for 2024, with total revenue now expected to be in the range of $11.0 billion to $11.3 billion and adjusted EBITDA in the range of $580 million to $585 million.
---
BrightSpring Health Services, Inc. (BTSG) Earnings, Revenues Date & History
BTSG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
BTSG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 01, 2024 | $14.97 | $17.25 | +15.23% |
| Aug 02, 2024 | $12.23 | $11.16 | -8.75% |
| May 02, 2024 | $10.66 | $11.06 | +3.75% |
| Feb 29, 2024 | $9.73 | $8.99 | -7.61% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does BrightSpring Health Services, Inc. (BTSG) report earnings?
BrightSpring Health Services, Inc. (BTSG) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is BrightSpring Health Services, Inc. (BTSG) earnings time?
BrightSpring Health Services, Inc. (BTSG) earnings time is at Feb 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BTSG EPS forecast?
BTSG EPS forecast for the fiscal quarter 2024 (Q4) is 0.2.
---