earnings
confidence high
sentiment positive
materiality 0.70
CorVel Q3 fiscal 2022 EPS $0.76, up 21% YoY; revenue $165M, +16%
CORVEL CORP
2022-Q3 EPS reported
$2.57
revenue$474,871,000
- Diluted EPS $0.76 vs $0.63 in Q3 prior year; nine-month EPS $2.57 vs $1.74.
- Quarterly revenue $165M, up 16% from $142M; nine-month revenue $475M vs $407M.
- New sales record for calendar 2021; continued triple-digit growth in virtual care and advocacy services.
- Investment in payment integrity drove robust growth with CERiS in the health market.
- Chief Marketing Officer Diane J. Blaha to retire effective April 1, 2022; replacement search underway.