Alert: New Earnings Report (11/7/23)-DaVita Inc (NYSE: DVA).


DaVita Inc (NYSE: DVA) has reported earnings for its third fiscal quarter (ending September 30) of $2.70 versus $1.16 for the same period a year ago — an increase of 133%. This result exceeded the consensus estimate of $2.04 by $0.66. For the latest four quarters through September 30, E.P.S. were $6.56 versus $7.10 for the same period a year ago — a decline of -8%.


Recent Price Action

DaVita Inc (NYSE: DVA) stock closed at $80.09 on 11/7/23 after an increase of 1.4%. The stock has been exceptionally strong relative to the market over the last nine months and has risen 4.5% 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 consistent signals from two proprietary PTR measures of a stock’s attractiveness. DaVita has a slightly positive Appreciation Score of 61 and a good Power Rating of 81, 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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