P3 Health Partners (PIII) Scheduled to Post Quarterly Earnings on Wednesday

P3 Health Partners (NASDAQ:PIII) is set to issue its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of ($0.19) per share for the quarter. P3 Health Partners has set its FY 2024 guidance at EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

P3 Health Partners (NASDAQ:PIII) last released its quarterly earnings results on Thursday, March 28th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.03). The firm had revenue of $346.86 million during the quarter, compared to analysts’ expectations of $309.80 million. P3 Health Partners had a negative return on equity of 120.85% and a negative net margin of 4.56%. On average, analysts expect P3 Health Partners to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

P3 Health Partners Stock Performance

Shares of PIII stock traded down $0.04 on Tuesday, reaching $0.69. The stock had a trading volume of 341,542 shares, compared to its average volume of 378,713. The stock has a market cap of $216.39 million, a P/E ratio of -1.24 and a beta of 1.26. P3 Health Partners has a 1 year low of $0.44 and a 1 year high of $5.56. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.55 and a current ratio of 0.55. The company has a 50 day simple moving average of $0.81 and a 200 day simple moving average of $1.09.

Analysts Set New Price Targets

Several research firms recently weighed in on PIII. William Blair reiterated an “outperform” rating on shares of P3 Health Partners in a research report on Monday, April 1st. BTIG Research downgraded P3 Health Partners from a “buy” rating to a “neutral” rating in a research report on Monday, April 1st. Finally, Lake Street Capital lowered their target price on P3 Health Partners from $9.00 to $4.50 and set a “buy” rating on the stock in a research report on Thursday, March 14th.

P3 Health Partners Company Profile

P3 Health Partners Inc, a patient-centered and physician-led population health management company, provides superior care services in the United States. It operates clinics and wellness centers. P3 Health Partners Inc was founded in 2020 and is based in Henderson, Nevada.