DaVita raises FY24 EPS guidance to $9.25-10.05, outperforms Q2 estimates with $2.59 EPS and $3.19B revenue.

DaVita (NYSE:DVA) updated its FY24 earnings guidance to $9.25-10.05 EPS, up from the previous consensus estimate of $9.63. DaVita reported Q2 earnings of $2.59 EPS and $3.19B revenue, outperforming analysts' estimates. The company's stock reached $138.18 during trading hours, with a market cap of $12.12B. DaVita operates kidney dialysis centers and provides related lab services in outpatient dialysis centers, inpatient, and home-based hemodialysis services. Bank of America raised its price target for DVA from $139 to $145, while maintaining an "underperform" rating.

August 08, 2024
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