Lifestance Health Group Inc Up 28.06% To $8.58 After Earnings Miss

Lifestance Health Group Inc (LFST) said before open Wednesday that it lost $0.12 per share in quarter four 2023.

On the revenue line, the company reported $280.6 million, beating estimates by $17.6 million.

In the same quarter a year ago, the company lost $0.13 per share on revenue of $229.4 million.

The stock is up 28.06% to $8.58 after the report.

Despite revenues increasing, earnings decreased, signaling a decline in profit margins.

Wall Street Analysts had an average rating of Hold on the stock prior to the report.

Trading in the five days leading up to the report earned Lifestance Health Group Inc a Bullish Sentiment Rank from InvestorsObserver.

Lifestance Health Group Inc has performed a little above average during the past few months. Before the report, Lifestance Health Group Inc received a Long-Term Technical Rank by InvestorsObserver of 61, putting it in the top half of stocks. The firm set a 52-week high on June 29, 2023 at $9.59 and set a 52-week low on March 7, 2023 at $4.63.

LifeStance Health Group Inc is a provider of virtual and in-person outpatient mental health care for children, adolescents and adults experiencing a variety of mental health conditions. The company delivers personalized, data-driven and comprehensive care to help patients stay healthy and employs over 3,300 psychiatrists, advanced practice nurses, psychologists and therapists.

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