On May 8, 2023, ATI Physical Therapy (NYSE: ATIP) disclosed its Q1 2023 earnings. The company surpassed the analyst consensus estimate of $(0.08) by 287.5%, reporting $0.15 per share earnings. This is a remarkable improvement from last year, when the company suffered losses of $(0.05) per share. The company’s quarterly sales of $166.93 million exceeded the analyst consensus estimate of $161.47 million by 3.38%. This is an 8.52% increase from last year, indicating the company’s growth and resilience in the market.
ATIP Stock: Fluctuating with High Volume and Positive Earnings Growth Projection
On May 8, 2023, ATIP stock opened at 0.26, slightly higher than its previous close of 0.25. Throughout the day, the stock fluctuated between 0.25 and 0.27, with a volume of 883,089 shares traded. This volume was higher than the average of the past three months, which was 660,141.
With a market cap of $55.0M, ATIP is a small-cap stock in the health services sector, specifically in the medical/nursing services industry. The company’s revenue growth in the past year was 1.24%, while it’s earnings growth in the same period was a significant 46.49%.
ATIP’s price-to-sales ratio is 0.10, which indicates that the stock is undervalued compared to its peers in the industry. Its price-to-book ratio is 1.19, which suggests that the stock is trading at a premium to its book value.
One notable aspect of ATIP’s financials is its negative net profit margin of -77.46%. However, the company’s earnings growth projection for the next five years is optimistic at 13.29%.
ATIP’s next reporting date is May 9, 2023, providing more insight into the company’s performance. Investors will closely watch the company’s financials to see if it can turn its negative net profit margin around and become profitable.
ATI Physical Therapy Inc (ATIP) Shows Potential for Growth with $0.49 Median Target Price
On May 8, 2023, ATI Physical Therapy Inc (ATIP) had a median target price of $0.49, according to two analysts offering 12-month price forecasts. The high estimate was $0.65, while the low estimate was $0.33. The current consensus is to hold stock in ATIP. The current quarter’s earnings per share were -$0.09, and sales were $161.5M. The reporting date for these figures is May 09, 2023. The median target price of $0.49 suggests potential for significant growth, and investors should keep an eye on the upcoming earnings report.