DaVita (NYSE:DVA) reported its Q1 earnings results on Thursday, May 5, 2022 at 04:00 PM.
Here's what investors need to know about the announcement.
Earnings
DaVita missed estimated earnings by 13.9%, reporting an EPS of $1.61 versus an estimate of $1.87.
Revenue was down $2.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.22 which was followed by a 0.14% increase in the share price the next day.
Here's a look at DaVita's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.80 | 2.25 | 2.18 | 1.80 |
| EPS Actual | 2.02 | 2.36 | 2.64 | 2.09 |
| Revenue Estimate | 2.91B | 2.93B | 2.87B | 2.82B |
| Revenue Actual | 2.94B | 2.94B | 2.92B | 2.82B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
DaVita management provided guidance for FY 2022, expecting earnings between $7.5 and $8.5 per share.
To track all earnings releases for DaVita visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
