CareMax, Inc. reported a loss in Q2, missing revenue estimates, stock has dropped 70.2%

From Nasdaq: 2024-08-09 18:45:03

CareMax, Inc. (CMAX) reported a quarterly loss of $10.48 per share, missing estimates. Revenues were $198.63 million, missing expectations by 14.94%. The stock has dropped 70.2% this year. Investor focus now shifts to the company’s future earnings outlook and industry performance. Meanwhile, Lesaka Technologies (LSAK) is set to release its results soon.

Investors are waiting to see how CareMax and Lesaka Technologies perform, with CareMax holding a Zacks Rank #3 (Hold). Analysts predict CareMax to report a loss of -$7.09 per share for the upcoming quarter. The Zacks Industry Rank for Technology Services is in the top 32%, indicating potential for outperformance.

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Read more at Nasdaq: CareMax, Inc. (CMAX) Reports Q2 Loss, Misses Revenue Estimates