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Privia Health Group (PRVA)
NASDAQ:PRVA
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Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.05Last Year’s EPS
0.02Same Quarter Last Year
Strong Buy
Based on 15 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Aug 09, 2021
|% Change Since: 5.10%
|Next Earnings Date:May 27, 2021
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance, strategic expansion, and robust growth in attributed lives, despite challenges in the Medicare Advantage segment. The overall financial health and growth prospects of the company were positively reinforced.Company Guidance
During the Privia Health Q3 2024 earnings call, CEO Parth Mehrotra highlighted the company's robust financial performance and updated its guidance to the high end of the initial range across all metrics. Implemented providers increased by 13.1%, while adjusted EBITDA rose 25.8% year-over-year. The company's Accountable Care Organizations achieved shared savings of $176.6 million, marking a 34.1% increase from 2022. With a pro forma cash balance of approximately $473 million and no debt, Privia is well-positioned to support organic growth and business development. The company expanded into Indiana, partnering with a 35-provider multispecialty practice, and reported a 14% increase in total attributed lives, driven by strong provider growth and new value-based contracts.Strong Financial Performance and Growth
Implemented providers increased 13.1% and adjusted EBITDA was up 25.8% from a year ago. Privia Health raised its guidance to at or above the high end of the initial range for all metrics.
Medicare Shared Savings Program Success
Privia's Accountable Care Organizations achieved shared savings of $176.6 million, a 34.1% increase from 2022, caring for nearly 195,000 Medicare patients.
Robust Financial Position
Privia Health's Q3 ending cash balance is approximately $473 million with no debt, providing substantial financial flexibility for growth and business development.
Expansion into Indiana
Privia announced its entry into Indiana in partnership with a multispecialty practice of more than 35 providers, expanding its footprint into the Midwest.
Increased Attributed Lives
Total attributed lives increased 14% year-over-year, with significant growth in Medicare Advantage (24%) and Medicaid (41.7%).
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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 |
|---|---|---|---|
| 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% |
| Feb 27, 2024 | $20.00 | $21.95 | +9.75% |
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 (PRVA) report earnings?
Privia Health Group (PRVA) is schdueled to report earning on Mar 04, 2025, TBA Not Confirmed.
What is Privia Health Group (PRVA) earnings time?
Privia Health Group (PRVA) earnings time is at Mar 04, 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 2024 (Q4) is 0.05.
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