Third quarter 2022 results for medical facilities: EPS exceeds expectations


Medical Institutions (TSE: DR) Third Quarter 2022 Results

Main financial results

  • Revenue: $102.2 million (up 6.0% compared to Q3 2021).
  • Net loss: $10.5 million (loss increased by 195% compared to Q3 2021).
  • Loss of $0.35 per share (further deteriorated from the loss of $0.11 in 3Q 2021).
TSX: DR Earnings and Revenue Growth November 12, 2022

All figures shown in the table above are for the 12 month period (TTM)

EPS medical facilities fall short of expectations

Revenue is in line with analysts’ estimates. Earnings per share (EPS) missed analysts’ estimates.

Going forward, revenues are expected to grow by an average of 1.6% per year over the next 3 years, compared to a projected growth of 4.7% for the healthcare sector in Canada.

Performance of the Canadian health industry.

Shares of the company are down 25% from a week ago.

Risk analysis

You should find out about the 2 warning signs we spotted medical facilities (including 1 that is potentially serious).

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