I know there is no earnings estimates for TOI, but how does the earnings release look to you? The release says total revenue is up 24% compared to last years quarter. That part sounds pretty good to me especially in the environment we are in. I am not sure how to guage the net income though. They state it is down compared to last years quarter due to "preferred securites income" in 2021. Is this a non event or will it be viewed as negative?
In Euros, Revenue increased 24% to $220.6M with organic growth up 6%. EPS was $0.16. Acquisitions totalling $94.5M. After the quarter end, the company entered into deals amounting to $29.5M. It looks like a fine quarter where the company was busy putting cash to work.
On income, over a six month period, things look a bit smoother and we would expect markets to look past the income line, being more focused on the deployment of cash toward acquisitions. Markets might think differently, but it looks to us as though things are moving in the right direction. (5iResearch)