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Acadia Healthcare Q2 Adjusted Earnings Decline, Revenue Increases; Updates 2024 Outlook
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Acadia Healthcare Q2 Adjusted Earnings Decline, Revenue Increases; Updates 2024 Outlook
Aug 1, 2024 1:05 AM

03:45 AM EDT, 08/01/2024 (MT Newswires) -- Acadia Healthcare ( ACHC ) reported Q2 adjusted earnings late Wednesday of $0.91 per diluted share, down from $0.92 a year earlier.

Analysts polled by Capital IQ expected $0.88.

Revenue for the quarter ended June 30 was $796 million, compared with $731.3 million a year earlier.

Analysts surveyed by Capital IQ expected $784.8 million.

For full-year 2024, the company narrowed its adjusted EPS outlook to now be between $3.45 and $3.65 from the prior range of between $3.40 and $3.70. Analysts surveyed by Capital IQ expect $3.52.

Revenue for the full year is projected to be between $3.18 billion and $3.23 billion from the prior outlook of between $3.18 billion and $3.25 billion. Analysts surveyed by Capital IQ expect $3.21 billion.

Price: 65.35, Change: +0.50, Percent Change: +0.77

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