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Mar 31, 2022
CorVel Q4 2022 Earnings Report
CorVel's Q4 2022 earnings were announced, showing increased revenue and earnings per share compared to the same quarter of the previous year.
Key Takeaways
CorVel Corporation reported revenues of $171 million and earnings per share of $1.09 for the quarter ended March 31, 2022. This represents an increase in both revenue and EPS compared to the same quarter of the prior year. The results were attributed to increased new bookings and improved productivity.
Q4 revenue increased to $171 million from $146 million in the same quarter of the previous year.
Q4 earnings per share rose to $1.09, compared to $0.81 in the same quarter of the prior year.
Increased new bookings and improved productivity contributed to the positive results.
Company saw particularly strong growth in CareIQ.
Forward Guidance
With the pandemic and increasing inflation, CorVel’s playbook remains unchanged. Financial strength and fiscal conservatism have allowed increased investment in the team as well as development to introduce innovative solutions to market.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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