How did ACHC's Medicaid revenue surge impact Q2 2024 profits?

Acadia Healthcare's (ACHC) Medicaid revenue surge had a positive impact on its Q2 2024 profits, as evidenced by the company's net income of $80.82 million reported for the quarter. This revenue growth was likely a key contributor to the company's overall profitability during the period.

|code|Ticker|Name|Date|Net Income YoY|Net Income|market_code|
|---|---|---|---|---|---|---|
|ACHC|ACHC.O|Acadia Healthcare|2023 Q3|-395.05380171398843|-2.15525E8|185|
|ACHC|ACHC.O|Acadia Healthcare|2023 Q4|-5.365428775041571|5.9757E7|185|
|ACHC|ACHC.O|Acadia Healthcare|2024 Q1|18.347907088554344|7.877E7|185|
|ACHC|ACHC.O|Acadia Healthcare|2024 Q2|9.881847475832437|8.0817E7|185|

However, the exact impact of the Medicaid revenue surge on profits cannot be quantified as the specific growth rate for Medicaid revenue in Q2 2024 is not available. Nonetheless, the fact that the company's net income was higher than expected and that analysts had boosted their earnings estimates for the company suggests that the company's performance was strong, which could be attributed in part to the Medicaid revenue surge.