NXGN Stock - NextGen Healthcare, Inc.
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Financial Statements
| Metric | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|
| Revenue | $653.17M | $596.35M | $556.82M | $540.24M | $529.17M |
| Gross Profit | $311.16M | $300.95M | $281.40M | $272.80M | $282.48M |
| Gross Margin | 47.6% | 50.5% | 50.5% | 50.5% | 53.4% |
| Operating Income | $16.24M | $11.14M | $20.89M | $21.29M | $31.62M |
| Net Income | $-2,654,000 | $1.62M | $9.52M | $7.50M | $24.49M |
| Net Margin | -0.4% | 0.3% | 1.7% | 1.4% | 4.6% |
| EPS | $-0.04 | $0.02 | $0.14 | $0.11 | $0.38 |
NextGen Healthcare, Inc. provides healthcare technology solutions in the United States. The company offers clinical care solutions, including NextGen Enterprise EHR; financial solutions, such as NextGen Enterprise PM; patient engagement solutions comprising NextGen Virtual Visits; integrated clinical care and financial solutions consisting of NextGen Office; interoperability solutions that include NextGen Share and Mirth Connect; data and analytics solutions, which comprise NextGen Health Data Hub; and value based care solutions, including NextGen Population Health Solutions. It also provides managed services, such as revenue cycle management services comprising billing and collections, electronic claims submission and denials management, electronic remittance and payment posting, and accounts receivable follow-up; and client and support services. Further, the company offers professional services consisting of training, project management, installation services, and application managed services; and consulting services that include physician, professional, and technical consulting; assisting clients to optimize their staffing and software solutions; enhancing financial and clinical outcomes; achieving regulatory requirements; and meeting the requirements of healthcare reform. It serves accountable care organizations, independent physician associations, managed service organizations, veterans service organizations, dental service organizations, ambulatory care centers, and community health centers through a direct sales force and reseller channel. The company was formerly known as Quality Systems, Inc. and changed its name to NextGen Healthcare, Inc. in September 2018. NextGen Healthcare, Inc. was incorporated in 1974 and is headquartered in Atlanta, Georgia.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| August 28th 2023 | Cantor Fitzgerald | Initiation | Overweight | $21 |
| April 12th 2023 | Stephens | Initiation | Overweight | $24 |
| October 21st 2022 | Piper Sandler | Resumed | Neutral | $20 |
| September 7th 2022 | Truist | Initiation | Hold | $20 |
| May 6th 2022 | Guggenheim | Upgrade | Buy | $26 |
| April 14th 2022 | Guggenheim | Initiation | Neutral | - |
Earnings History & Surprises
NXGNEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q4 2023 | Oct 24, 2023 | $0.25 | $0.31 | +24.0% | ✓ BEAT |
Q3 2023 | Jul 24, 2023 | $0.21 | $0.24 | +14.3% | ✓ BEAT |
Q2 2023 | May 16, 2023 | $0.29 | $0.31 | +6.9% | ✓ BEAT |
Q1 2023 | Jan 24, 2023 | $0.27 | $0.26 | -3.7% | ✗ MISS |
Q4 2022 | Oct 25, 2022 | $0.23 | $0.25 | +8.7% | ✓ BEAT |
Q3 2022 | Jul 26, 2022 | $0.15 | $0.16 | +6.7% | ✓ BEAT |
Q2 2022 | May 17, 2022 | $0.20 | $0.19 | -5.0% | ✗ MISS |
Q1 2022 | Jan 25, 2022 | $0.21 | $0.24 | +14.3% | ✓ BEAT |
Q4 2021 | Oct 28, 2021 | $0.23 | $0.29 | +26.1% | ✓ BEAT |
Q3 2021 | Jul 29, 2021 | $0.21 | $0.25 | +19.0% | ✓ BEAT |
Q2 2021 | May 26, 2021 | $0.19 | $0.21 | +10.5% | ✓ BEAT |
Q1 2021 | Jan 27, 2021 | $0.24 | $0.26 | +8.3% | ✓ BEAT |
Q4 2020 | Oct 22, 2020 | $0.20 | $0.30 | +50.0% | ✓ BEAT |
Q3 2020 | Jul 30, 2020 | $0.09 | $0.21 | +133.3% | ✓ BEAT |
Q2 2020 | Jun 1, 2020 | $0.19 | $0.20 | +5.3% | ✓ BEAT |
Q1 2020 | Jan 23, 2020 | $0.20 | $0.23 | +15.0% | ✓ BEAT |
Q4 2019 | Oct 23, 2019 | $0.23 | $0.24 | +4.3% | ✓ BEAT |
Q3 2019 | Jul 24, 2019 | $0.20 | $0.16 | -20.0% | ✗ MISS |
Q2 2019 | May 28, 2019 | $0.21 | $0.23 | +9.5% | ✓ BEAT |
Q1 2019 | Jan 23, 2019 | $0.15 | $0.18 | +20.0% | ✓ BEAT |
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