DaVita Inc (NYSE: DVA) has reported earnings for its first fiscal quarter (ending March 31) of $2.73 versus $1.28 for the same period a year ago — an increase of 113%. This result exceeded the consensus estimate of $2.10 by $0.63. For the latest four quarters through March 31, E.P.S. were $9.06 versus $5.43 for the same period a year ago — an increase of 67%.
Recent Price Action
On 5/2/24, DaVita Inc (NYSE: DVA) stock increased 1.8%, closing at $142.24. Moreover, exceptionally high trading volume at 248% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 7.2% during the last week.
Current PriceTarget Research Rating
DVA is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
DaVita has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. DaVita has a neutral Appreciation Score of 54 but a very high Power Rating of 88, leading to the Positive Value Trend Rating.
Rating Review
In light of this encouraging new earnings information and positive market action we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
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