BrightSpring Health Q3 revenue beats; raises 2026 revenue forecast
Overview
US home health provider's Q3 revenue rose 26% yr/yr, beating analyst expectations
Adjusted EBITDA for Q3 rose 42% yr/yr
Company raised full-year 2026 revenue and adjusted EBITDA guidance
Outlook
BrightSpring raises 2026 revenue forecast to $15.9 bln-$16.13 bln
Company expects 2026 adjusted EBITDA of $850 mln-$860 mln
Amedisys and LHC branches seen adding about $35 mln to 2026 adjusted EBITDA
Result Drivers
SEGMENT GROWTH - Co attributed Q3 revenue increase to growth in both Pharmacy Solutions and Provider Services segments
HIGHER REVENUE PER SCRIPT - Co said revenue and gross profit per script in Pharmacy Solutions segment increased significantly yr/yr
INCREASED HOME HEALTH CENSUS - Co reported higher average daily census in Home Health Care, contributing to Provider Services revenue growth
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $4.21 bln | $3.88 bln (17 Analysts) |
Q3 Adjusted EBITDA | $228 mln | ||
Q3 Gross Profit | $519 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the healthcare facilities & services peer group is "buy"
Wall Street's median 12-month price target for Brightspring Health Services Inc is $80.00, about 32.8% above its October 29 closing price of $60.22
The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 36 three months ago
Reuters Recommended Reads
Oct 27 - Ensign Group Q3 adjusted EPS beats estimates, revenue up on higher occupancy rates
Oct 29 - DaVita Q3 revenue beat analyst estimates on increased average reimbursement rates
Oct 28 - Community Health Systems Q3 revenue misses estimates
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)