R1 RCM Inc. (NASDAQ:RCM) is reporting second quarter financial results on Tuesday 4th August 2020, before market open.
According to analysts surveyed by Thomson Reuters, RCM is expected to report 2Q20 income of $ 0.03 per share from revenue of $ 304.96 million.
For the full year, analysts anticipate top line of $ 1212.60 million, while looking forward to income of $ 0.19 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 1,300.00 million ~ $ 1,400.00 million
Click Here For More Historical Outlooks Of R1 RCM Inc.
Previous Quarter Performance
R1 RCM Inc. reported income for the first quarter of $ 0.05 per share, from the revenue of $ 320.50 million. The quarterly revenues developed 20.32 percent compared with the same quarter last year. According to street consensus, RCM was expected to report 1Q20 income of $ 0.05 per share from revenue of $ 318.76 million. The bottom line results street analysts by $ 0 or , at the same time, top line results outshined analysts by $ 1.74 million or 0.55 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of RCM was $ 14.12, representing a 98.31 % increase from the 52 week low of $ 7.12 and a 0.91 % decrease over the 52 week high of $ 14.25.
The company has a market capital of $ 1.62 billion and is part of the Technology sector and Health Information Services industry.
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Recent Analyst recommendations
- On 14th July 2020, maintained by KeyBanc at Overweight rating, with $ 15.00 target price.
Conference Call
R1 RCM Inc. will be hosting a conference call at 8:00 AM eastern time on 4th August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.r1rcm.com
R1 RCM Inc. provides revenue cycle management (RCM) for healthcare providers in the United States. It offers end-to-end RCM services to manage their revenue cycle operations, which encompass patient registration, insurance and benefit verification, medical treatment documentation and coding, and bill preparation and collection from patients and payers.
