R1 RCM Inc. (NASDAQ:RCM) is reporting third quarter financial results on Tuesday 3rd November 2020, before market open.
According to analysts surveyed by Thomson Reuters, RCM is expected to report 3Q20 revenue of $ 295.38 million.
For the full year, analysts anticipate top line of $ 1243.87 million, while looking forward to income of $ 0.12 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 1,220.00 million ~ $ 1,250.00 million
Click Here For More Historical Outlooks Of R1 RCM Inc.
Previous Quarter Performance
R1 RCM Inc. communicated income for the second quarter of $ 0.03 per share, from the revenue of $ 314.70 million. The quarterly revenues escalated 6.68 percent compared with the same quarter last year. Street analysts expected R1 RCM Inc. to report income of $ 0.03 per share on revenue of $ 304.96 million for the second quarter. The top line results outshined analysts by $ 9.74 million or 3.19 percent.
Stock Performance
Shares of R1 RCM Inc. traded up $ 0.67 or 3.74 percent on Monday, reaching $ 18.59 with volume of 1.05 million shares. R1 RCM Inc. has traded high as $ 18.67 and has cracked $ 18.11 on the downward trend
The closing price of $ 18.59, representing a 151.69 % increase from the 52 week low of $ 7.12 and a 4.02 % decrease over the 52 week high of $ 18.67.
The company has a market capital of $ 2.15 billion and is part of the Technology sector and Health Information Services industry.
Conference Call
R1 RCM Inc. will be hosting a conference call at 8:00 AM eastern time on 3rd November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.r1rcm.com
R1 RCM Inc. provides revenue cycle management (RCM) for healthcare providers in the United States. It offers end-to-end RCM services to manage their revenue cycle operations, which encompass patient registration, insurance and benefit verification, medical treatment documentation and coding, and bill preparation and collection from patients and payers.
