BHG - Bright Health Group GAAP EPS of -$0.18 misses by $0.05 revenue of $756.34M misses by $45.03M
2023-05-09 06:51:07 ET
- Bright Health Group press release ( NYSE: BHG ): Q1 GAAP EPS of -$0.18 misses by $0.05 .
- Revenue of $756.34M (+23.3% Y/Y) misses by $45.03M .
- 2023 Outlook: Bright Health’s 2023 Revenue and Adjusted EBITDA profitability expectations are unchanged, while Adjusted Operating Cost Ratio now forecast for the high end of the prior range.
- Bright Health’s Enterprise Revenue is expected to be between $2.9 billion and $3.1 billion
- On a segment basis, Bright HealthCare Revenue is expected to be greater than $1.8 billion, while Consumer Care Revenue is expected to be between $1.1 billion and $1.3 billion
- Enterprise Adjusted Operating Cost Ratio is expected to be approximately 14%
- Bright Health expects to be Adjusted EBITDA profitable in 2023.
For further details see:
Bright Health Group GAAP EPS of -$0.18 misses by $0.05, revenue of $756.34M misses by $45.03M