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Evolent Health (EVH)
NYSE:EVH
Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.03Last Year’s EPS
0.23Same Quarter Last Year
Strong Buy
Based on 15 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 20, 2025
|% Change Since: 0.00%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Neutral
Evolent demonstrated strong revenue growth and successful contract renewals, but faced challenges with oncology expenses and Medicaid headwinds. The company is investing in efficiency improvements and has renegotiated contracts to improve EBITDA, yet projects a cautious outlook for 2025.Company Guidance
In the Evolent Earnings Conference Call for the fourth quarter and year-end of 2024, several key metrics and guidance were provided for 2025. The company reported revenue of $2.55 billion for 2024, reflecting a 30% growth from 2023. Adjusted EBITDA was $160.5 million, at the low end of the guidance range due to elevated oncology expenses. For 2025, Evolent forecasts revenue growth of approximately 15% to 18%, with adjusted EBITDA projected between $135 million and $165 million. The company highlighted significant contractual updates, including a renewed and expanded contract with a large health plan in New England and a partnership with a primary care practice in the mid-Atlantic region, adding 1.9 million tech and services product members. Evolent also secured $115 million in projected adjusted EBITDA improvement through renegotiations and expects $20 million in cost improvements from automation by the end of 2025. Despite potential headwinds, including a $25 million impact from elevated oncology cost trends, the company expressed confidence in its conservative assumptions and its plans for growth and operational efficiency.Significant Revenue Growth
Evolent ended 2024 with revenue of $2.55 billion, reflecting a 30% growth compared to 2023.
New Contracts and Expansions
Evolent announced a technology and services contract with a large health plan in New England, covering 1.9 million new members, and a partnership with a primary care practice in the mid-Atlantic region for complex care services.
100% Logo Renewal Rate
Evolent achieved a 100% logo renewal rate for its top customers in 2024, representing more than 90% of its revenue.
Performance Suite Contract Renegotiations
Evolent secured $115 million in projected adjusted EBITDA improvement from renegotiating three Performance Suite contracts.
Investment in Automation and Efficiency
Evolent expects to achieve over $50 million in net value from automation and efficiency efforts, with a $20 million improvement anticipated by the end of 2025.
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EVH 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
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EVH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 20, 2025 | $10.71 | ― | ― |
| Nov 07, 2024 | $24.57 | $13.36 | -45.62% |
| Aug 08, 2024 | $20.87 | $26.40 | +26.50% |
| May 09, 2024 | $26.96 | $24.46 | -9.27% |
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.
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FAQ
When does Evolent Health (EVH) report earnings?
Evolent Health (EVH) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Evolent Health (EVH) earnings time?
Evolent Health (EVH) earnings time is at Feb 20, 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 EVH EPS forecast?
EVH EPS forecast for the fiscal quarter 2024 (Q4) is 0.03.
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