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Here's What Key Metrics Tell Us About Privia Health (PRVA) Q2 Earnings

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Privia Health (PRVA - Free Report) reported $422.33 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 2.2%. EPS of $0.03 for the same period compares to $0.06 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $412.43 million, representing a surprise of +2.40%. The company delivered an EPS surprise of -40.00%, with the consensus EPS estimate being $0.05.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Privia Health performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Practice Collections

    : $728 million compared to the $711.39 million average estimate based on seven analysts.
  • Care Margin

    : $99.80 million versus the six-analyst average estimate of $98.05 million.
  • Platform Contribution

    : $47.40 million versus the six-analyst average estimate of $45.61 million.
  • Implemented Providers (as of end of period)

    : 4,504 versus 4,369 estimated by three analysts on average.
  • Attributed Lives (as of end of period)

    : 1.2 million compared to the 1.13 million average estimate based on three analysts.
View all Key Company Metrics for Privia Health here>>>

Shares of Privia Health have returned +6.8% over the past month versus the Zacks S&P 500 composite's -6.5% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

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