Diagnostic imaging company RadNet (NASDAQ: RDNT) will be announcing earnings results next tomorrow after market close. Here’s what to expect.
RadNet beat analysts’ revenue expectations by 6.4% last quarter, reporting revenues of $471.4 million, up 9.2% year on year. It was a strong quarter for the company, with a solid beat of analysts’ same-store sales estimates.
Is RadNet a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting RadNet’s revenue to grow 6.7% year on year to $490.4 million, slowing from the 13.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.16 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. RadNet has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 3.7% on average.
Looking at RadNet’s peers in the testing & diagnostics services segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Guardant Health delivered year-on-year revenue growth of 30.9%, beating analysts’ expectations by 10%, and Quest reported revenues up 15.2%, topping estimates by 1.4%. Guardant Health traded down 9.3% following the results while Quest was up 2.3%.
Read our full analysis of Guardant Health’s results here and Quest’s results here.
Debates around the economy’s health and the impact of potential tariffs and corporate tax cuts have caused much uncertainty in 2025. While some of the testing & diagnostics services stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 4.7% on average over the last month. RadNet is down 7.8% during the same time and is heading into earnings with an average analyst price target of $71.57 (compared to the current share price of $53).
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