InnovAge (NASDAQ:INNV) Releases Earnings Results, Beats Estimates By $0.01 EPS

InnovAge (NASDAQ:INNVGet Free Report) posted its quarterly earnings data on Tuesday. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01, Yahoo Finance reports. InnovAge had a negative return on equity of 10.51% and a negative net margin of 4.16%. The firm had revenue of $199.40 million during the quarter, compared to analysts’ expectations of $190.19 million. During the same period in the prior year, the business earned ($0.09) EPS. InnovAge updated its FY 2025 guidance to EPS.

InnovAge Price Performance

INNV opened at $5.78 on Thursday. The stock has a 50-day moving average price of $5.97 and a 200-day moving average price of $4.99. InnovAge has a 12-month low of $3.52 and a 12-month high of $7.64. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $786.01 million, a P/E ratio of -24.08 and a beta of 0.39.

About InnovAge

(Get Free Report)

InnovAge Holding Corp. manages and provides a range of medical and ancillary services for seniors in need of care and support to live independently in their homes and communities. The company manages its business through Program of All-Inclusive Care for the Elderly (PACE) approach. It also offers in-home care services consisting of skilled, unskilled, and personal care; in-center services, such as primary care, physical therapy, occupational therapy, speech therapy, dental services, mental health and psychiatric services, meals, and activities; transportation to the PACE center and third-party medical appointments; and care management.

Further Reading

Earnings History for InnovAge (NASDAQ:INNV)

Receive News & Ratings for InnovAge Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for InnovAge and related companies with MarketBeat.com's FREE daily email newsletter.