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Oak Street Health Posts Q1 Loss Amid Revenue Jump, Sets Guidance

05/10/2021 13:18

05:08 PM EDT, 05/10/2021 (MT Newswires) -- Oak Street Health (OSH) on Monday reported a net loss of $0.29 per share in Q1, wider than analyst estimates of $0.21 loss per share in a Capital IQ survey.

Revenue grew 47% to $296.7 million from a year ago, exceeding the $283.53 million estimate.

For Q2, the primary care centers network expects revenue of $315 million to $320 million and an adjusted Ebitda loss of $40 million to $35 million, against the Street estimate of $308.90 million for revenue.

For fiscal year 2021, the company projects revenue of $1.3 billion to $1.34 billion and an adjusted Ebitda loss of $205 million to $165 million, against market consensus of $1.32 billion for revenue.

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