Behavioral health company LifeStance Health (NASDAQ: LFST) will be announcing earnings results this Thursday morning. Here’s what investors should know.
LifeStance Health Group beat analysts’ revenue expectations last quarter, reporting revenues of $403.5 million, up 21.2% year on year. It was an exceptional quarter for the company, with EBITDA guidance for next quarter exceeding analysts’ expectations and revenue guidance for next quarter exceeding analysts’ expectations.
Is LifeStance Health Group a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting LifeStance Health Group’s revenue to grow 20.1% year on year, improving from the 10.6% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. LifeStance Health Group has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at LifeStance Health Group’s peers in the healthcare providers & services segment, some have already reported their Q2 results, giving us a hint as to what we can expect. DaVita delivered year-on-year revenue growth of 5.2%, beating analysts’ expectations by 1.7%, and Centene reported revenues up 9.9%, topping estimates by 13.1%. Centene traded down 3.5% following the results.
Read our full analysis of DaVita’s results here and Centene’s results here.
Investors in the healthcare providers & services segment have had steady hands going into earnings, with share prices up 1.4% on average over the last month. LifeStance Health Group is down 6.7% during the same time and is heading into earnings with an average analyst price target of $12 (compared to the current share price of $10.25).
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