Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Dark Comedy
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Music
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
True Crime
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Western
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessAgilon Health Faces Downgrade Following Q3 Miss

Agilon Health Faces Downgrade Following Q3 Miss

Add to Favorite
Added to Favorite


JMP Securities analysts shifted their outlook on agilon health (NYSE:AGL), downgrading the company’s rating from Market Outperform to Market Perform. This adjustment followed agilon’s release of its third-quarter financial results for 2024, which revealed performance below expectations.
Agilon health reported quarterly revenue of $1.45 billion, a 28% year-over-year increase, though slightly under the $1.47 billion forecast. The company also disclosed an adjusted EBITDA of negative $96 million, which missed the analyst’s expectation of negative $19.1 million. This shortfall stemmed from multiple challenges, including rising cost trends, adverse developments from the prior year—largely influenced by Part D—and a lower-than-anticipated effect from risk adjustments.
The company’s third- and fourth-quarter expenses marked a downturn from what had appeared to be promising improvements in the first half of 2024. Medical margins for the year were now anticipated to decline roughly 44%, bringing them to an estimated $225 million at the midpoint of the revised range. Additionally, agilon reported $60 million in unfavorable adjustments tied to claims from 2023, with a further $25 million in elevated medical expenses in the third quarter due to sustained high costs throughout the year.

Subscribe to get Latest News Updates

Latest News

You may like more
more

Ulta Beauty Boosts Full-Year Outlook, Stock Rises 9 percent

Ulta Beauty (NASDAQ:ULTA) raised its full-year 2024 outlook, capitalizing...

Samsara Surpasses Q3 Expectations but Slowing Revenue Growth Weighs on Shares

Samsara (NYSE:IOT) delivered third-quarter results that exceeded Wall Street's...

Hewlett Packard Enterprise Surpasses Q4 Expectations with Record Revenue, Shares Gain 9 percent

Hewlett Packard Enterprise (NYSE:HPE) saw its shares climb over...

GitLab Posts Strong Q3 Results, Upbeat Guidance, and Leadership Change

GitLab (NASDAQ:GTLB) delivered strong fiscal third-quarter results, issued optimistic...