DaVita Inc

DVA: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$646.00	Mbzvyh	Grbkfvwnk

DaVita Disappoints in Third Quarter and Reduces 2022-23 Outlook; Shares Moderately Undervalued

Julie Utterback

Oct 28, 2022

Narrow-moat DaVita turned in third-quarter results that were significantly lower than expected, and management pulled down key metrics of its 2022 and preliminary 2023 outlook. Considering these weak near-term prospects, we are reducing our fair value estimate by 7% to $108 per share. Despite this reduction, the shares appear moderately undervalued, especially after the big selloff after the earnings release.

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