Inovalon (INOV) Releases Q1 Earnings Guidance
Inovalon (NASDAQ:INOV) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.07 for the period, compared to the Thomson Reuters consensus estimate of $0.07. The company issued revenue guidance of $143-146 million, compared to the consensus revenue estimate of $146.84 million.
NASDAQ:INOV traded down $1.95 during midday trading on Thursday, reaching $13.47. 2,515,926 shares of the stock traded hands, compared to its average volume of 552,637. Inovalon has a 12-month low of $8.90 and a 12-month high of $15.57. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 1.36. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of 58.57, a PEG ratio of 3.56 and a beta of 0.72.
Inovalon (NASDAQ:INOV) last posted its earnings results on Wednesday, February 20th. The technology company reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.02). Inovalon had a negative net margin of 2.12% and a positive return on equity of 4.12%. The firm had revenue of $136.30 million for the quarter, compared to analysts’ expectations of $145.20 million. During the same period in the previous year, the company earned $0.06 EPS. The company’s revenue was up 18.9% on a year-over-year basis. As a group, analysts expect that Inovalon will post 0.22 EPS for the current year.
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Inovalon Company Profile
Inovalon Holdings, Inc, a technology company, provides cloud-based platforms empowering a data-driven transformation from volume-based to value-based models in the healthcare industry. The company's platform enables the assessment and enhancement of clinical and quality outcomes and financial performance.
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