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Privia Health Group, Inc. (PRVA)
:PRVA
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.04Last Year’s EPS
0.02Same Quarter Last Year
Strong Buy
Based on 18 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: 6.77%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Positive
Privia Health demonstrated strong financial and operational performance in 2024, with significant growth in provider network and value-based care outcomes. The company maintains a robust financial position with substantial cash reserves and no debt. However, challenges in the Medicare Advantage environment and flat shared savings guidance present potential headwinds. Overall, the positive aspects of growth and financial health outweigh the challenges faced.Company Guidance
During the Privia Health Fourth Quarter Conference Call, the company reported exceeding the high end of all 2024 guidance metrics, highlighting a 25.2% increase in adjusted EBITDA and a 13.6% growth in fee-for-service collections. Implemented providers grew by 11.2% year-over-year, contributing to a 230 basis point margin expansion and a record $109.3 million in free cash flow, which represented 121% of adjusted EBITDA conversion. Privia ended the year with $491 million in cash and no debt, positioning them for disciplined growth. The company served over 1.26 million attributed lives, with commercial attributed lives increasing by 15.2%. Despite challenges in the Medicare Advantage environment, Privia anticipates continued strong EBITDA growth in 2025, with expectations of a 19% increase at the midpoint of their guidance, and plans to maintain capital expenditures at minimal levels.Strong 2024 Financial Performance
Privia Health exceeded the high end of all guidance metrics for 2024, with adjusted EBITDA up 25.2% and free cash flow reaching a record $109.3 million, converting 121% of adjusted EBITDA.
Expansion and Growth in Provider Network
Implemented providers increased by 11.2% year-over-year, leading to fee-for-service collections growth of 13.6%. The provider retention rate was 98%, and the patient Net Promoter Score was 87.
Robust Financial Position
The company ended 2024 with $491 million in cash and no debt, providing significant financial flexibility for future growth opportunities.
Positive Value-Based Care Outcomes
Despite a challenging Medicare Advantage environment, the company reported better-than-expected value-based results and positive contribution margin in Medicare Advantage contracts.
Guidance for Continued Growth in 2025
Privia Health expects implemented providers to increase by 9.6% and practice collections growth of approximately 7.8% in 2025, with adjusted EBITDA growth of approximately 19% at the midpoint.
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PRVA 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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PRVA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | $24.06 | $25.46 | +5.82% |
| Nov 07, 2024 | $21.16 | $22.53 | +6.47% |
| Aug 08, 2024 | $18.27 | $19.35 | +5.91% |
| May 09, 2024 | $18.86 | $18.03 | -4.40% |
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 Privia Health Group, Inc. (PRVA) report earnings?
Privia Health Group, Inc. (PRVA) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is Privia Health Group, Inc. (PRVA) earnings time?
Privia Health Group, Inc. (PRVA) earnings time is at May 08, 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 PRVA EPS forecast?
PRVA EPS forecast for the fiscal quarter 2025 (Q1) is 0.04.
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