Docgo Inc. Up 11.21% To $6.45 After Earnings Miss

Tuesday, November 7, 2023 - Docgo Inc. (DCGO) reported downside earnings and upside revenues.

Analyst expectations for Docgo Inc. earnings per share (EPS) were at $0.06, with the company missing those estimates with a reported EPS of $0.05, leading to a negative surprise of $0.01 per share (-17%). Docgo Inc.'s earnings rose 67% year-over-year as the firm reported an EPS of $0.03 in its year-ago quarter. The positive annual growth shows the Healthcare company is performing well amid recent economic conditions.

Revenues were upbeat at $186.6 million. That is an increase of 78.83% in revenues from the year-ago report and is 26.31% higher than consensus estimates set at $147.7 million.

The stock is up 11.21% to $6.45 after the report.

The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.

The average recommendation from Wall Street analysts was a Strong Buy which may get revised based on this new data.

Trading in the five days leading up to the report earned Docgo Inc. a Bearish Sentiment Rank from InvestorsObserver.

Docgo Inc. has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 6, putting Docgo Inc. in the bottom 25% of stocks. The firm was recently trading at a 52-week low of $4.88 on September 18, 2023 and was recently trading at a 52-week high of $10.82 on August 10, 2023.

DocGo Inc is a provider of last-mile mobile health services and integrated medical mobility solutions. DocGo is disrupting the traditional four-wall healthcare system by providing care at the scale of humanity. Its innovative technology and dedicated field staff of certified health professionals elevate the quality of patient care and drive business efficiencies for facilities, hospital networks and health insurance providers. With Mobile Health, DocGo empowers the full promise and potential of telehealth by facilitating healthcare treatment, in tandem with a remote physician, in the comfort of a patient's home or workplace.