Acadia Healthcare Q3 revenue beats estimates; 2026 outlook raised
Overview
US behavioral health provider's Q3 revenue rose 5%, beating analyst expectations
Q3 adjusted EBITDA beat analyst expectations
Company raised full-year 2026 revenue, adjusted EBITDA, and adjusted EPS guidance
Outlook
Acadia raises 2026 revenue guidance to $3.44-$3.46 bln from $3.40-$3.45 bln
Company lifts 2026 adjusted EBITDA outlook to $615-$625 mln from $590-$615 mln
Acadia increases 2026 adjusted EPS forecast to $1.70-$1.80 from $1.45-$1.60
Result Drivers
ACUTE INPATIENT GROWTH - Acute inpatient psychiatric facility revenue rose 11% as patient volumes increased 7.5%, driven by expanded capacity at new and existing facilities
SPECIALTY FACILITY DECLINES - Specialty treatment facility revenue fell 8% due to declines in Pennsylvania and closures of several facilities over the past year
HIGHER OPERATING EXPENSES - Total operating expenses rose 6.4%, with salaries, wages and benefits up 6.1% due to new facility openings and routine wage increases
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $895.31 mln | $877.79 mln (12 Analysts) |
Q3 Net Income | $38.65 mln | ||
Q3 Adjusted EBITDA | Beat | $176.40 mln | $161.10 mln (13 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 5 "hold" and 1 "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 Acadia Healthcare Company, Inc. is $32.50, about 9.7% above its November 3 closing price of $29.62
The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 17 three months ago
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(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.)