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Dec 31, 2022
CorVel Q3 2023 Earnings Report
CorVel's Q3 2023 earnings report indicated revenue growth and increased earnings per share compared to the same quarter of the previous year.
Key Takeaways
CorVel Corporation reported revenues of $179 million for the quarter ended December 31, 2022, up from $165 million in the same quarter of the previous year. Earnings per share increased to $0.96, compared to $0.76 in the prior year. The company saw record new sales in its Enterprise Comp book of business and continued investments in managed care services.
Revenues for the quarter increased to $179 million from $165 million in the same quarter last year.
Earnings per share for the quarter rose to $0.96, compared to $0.76 in the same quarter of the previous year.
Record new sales were achieved in the Enterprise Comp business serving the Workers’ Compensation market.
Continued investments in managed care services have driven growth in CorVel’s carrier business.
Forward Guidance
The development roadmap for the quarter and beyond includes increased automation and augmentation, which will further optimize bottom-line results and outcomes.
Positive Outlook
- Increased automation
- Increased augmentation
- Optimized bottom-line results
- Improved outcomes
Historical Earnings Impact
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Avg. Return Before/After Earnings
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