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Radnet Inc (RDNT)
NASDAQ:RDNT
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Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.23Last Year’s EPS
-0.03Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 09, 2018
|% Change Since: 5.22%
|Next Earnings Date:Aug 09, 2018
Earnings Call Sentiment|Positive
RadNet's earnings call highlighted significant achievements, including record revenue and EBITDA, strong growth in advanced imaging and Digital Health, and strategic collaborations. However, the decline in net income and challenges related to Medicare reimbursement and labor costs present some headwinds. Despite these challenges, the overall outlook remains positive due to strategic expansions and partnerships.Company Guidance
During RadNet's Q3 2024 earnings call, the company reported its strongest quarter in history, achieving record revenue of $461.1 million, a 14.7% increase compared to the previous year, and adjusted EBITDA of $73.7 million, marking a 27.2% rise. The Imaging Center segment contributed significantly with revenue of $452.4 million, driven by a 14.3% increase, and adjusted EBITDA of $70.4 million. Digital Health revenue grew 34.3% to $16.4 million, with AI-powered initiatives like the breast cancer screening program showing a 75.8% revenue increase. The company highlighted an ongoing shift towards advanced imaging, with MRI/CT and PET/CT making up 26.7% of procedural volume, a 142 basis point increase from the previous year. RadNet also raised its full-year guidance for revenue to $1.710 billion to $1.760 billion and adjusted EBITDA to $262 million to $270 million, reflecting confidence in continued growth and operational efficiency improvements.Record Revenue and EBITDA
RadNet achieved record revenue and adjusted EBITDA for Q3 2024, with total company revenue increasing by 14.7% and Digital Health revenue increasing by 34.3% compared to the previous year.
Advanced Imaging Growth
Advanced imaging represented 26.7% of procedural volume, up 142 basis points from the previous year, driven by technology advances and capital investments in advanced imaging equipment.
Digital Health Expansion
The AI-powered breast cancer screening program grew 75.8% quarter-over-quarter, contributing significantly to the Digital Health segment's growth.
New Joint Ventures and Facilities
RadNet opened 5 new facilities in 2024 and plans to open 3 more by year-end, with 15 additional projects in development for 2025. The company also expanded its joint ventures with health systems.
Collaboration with GE HealthCare
RadNet announced a collaboration with GE HealthCare to integrate AI-powered workflows and clinical solutions, starting with the SmartMammo solution for mammography.
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RDNT 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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RDNT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Aug 07, 2024 | $56.89 | $61.67 | +8.40% |
| May 08, 2024 | $50.63 | $53.57 | +5.81% |
| Feb 29, 2024 | $37.86 | $44.35 | +17.14% |
| Nov 08, 2023 | $28.72 | $29.47 | +2.61% |
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.
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FAQ
When does Radnet Inc (RDNT) report earnings?
Radnet Inc (RDNT) is schdueled to report earning on Mar 04, 2025, TBA Not Confirmed.
What is Radnet Inc (RDNT) earnings time?
Radnet Inc (RDNT) 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 RDNT EPS forecast?
RDNT EPS forecast for the fiscal quarter 2024 (Q4) is 0.23.
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