Acadia Healthcare Q3 revenue beats estimates; 2026 outlook raised

By Reuters News


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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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.)

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