Inovalon Holdings, Inc. (NASDAQ:INOV) is set to announce third quarter earning results on Wednesday 28th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, INOV to report 3Q20 income of $ 0.16 per share.
For the full year, analysts anticipate top line of $ 685.21 million, while looking forward to income of $ 0.60 per share bottom line.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 0.16 ~ $ 0.18 per share, while revenues are expected in a range of $ 175.00 million ~ $ 185.00 million
Full Year 2020 topline are forecasted in a range of$ 675.00 million ~ $ 698.00 million, where as bottomline are predicted in a range of $ 0.57 ~ $ 0.61 per share
Click Here For More Historical Outlooks Of Inovalon Holdings, Inc.
Previous Quarter Performance
Inovalon Holdings, Inc. posted income for the second quarter of $ 0.15 per share, from the revenue of $ 162.22 million. The quarterly earnings extended 15.38 percent while revenues increased 4.01 percent compared with the same quarter last year.
Street analysts expected Inovalon Holdings, Inc. to report income of $ 0.11 per share on revenue of $ 159.67 million for the second quarter. The bottom line results beat street analysts by $ 0.04 or 36.36 percent, at the same time, top line results outshined analysts by $ 2.55 million or 1.60 percent.
Stock Performance
Shares of Inovalon Holdings, Inc. traded low $ -0.28 or -1.07 percent on Tuesday, reaching $ 25.99 with volume of 211.80 thousand shares. Inovalon Holdings, Inc. has traded high as $ 26.63 and has cracked $ 25.82 on the downward trend
According to the previous trading day, closing price of $ 25.99, representing a 96.19 % increase from the 52 week low of $ 13.39 and a 5.94 % decrease over the 52 week high of $ 27.93.
The company has a market capital of $ 3.99 billion and is part of the Technology sector and Health Information Services industry.
Recent Analyst recommendations
- On 3rd September 2020, maintained by KeyBanc at Overweight rating, with $ 29.00 target price.
Conference Call
Inovalon Holdings, Inc. will be hosting a conference call at 5:00 PM eastern time on 28th October 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.inovalon.com
Inovalon Holdings, Inc., a technology company, provides cloud-based platforms empowering data-driven healthcare. It operates the Inovalon ONE Platform, a cloud-based platform that interconnect with the healthcare ecosystem to aggregate and analyze data in real-time, as well as empowers the application in resulting insights. The company also operates myABILITY software platform, an integrated set of cloud-based applications for providers that offers connectivity, administrative, clinical and quality analysis, management, and performance improvement capabilities to acute, post-acute, and ambulatory point-of-care provider facilities.
