How did MODV's Q1 2024 EPS surprise impact its stock?

ModivCare's (MODV) Q1 2024 EPS surprise had a negative impact on its stock, as evidenced by the significant decline in stock price following the earnings release. The EPS surprise was -$1.57, which indicates that the company's actual performance fell short of market expectations. This negative surprise led to a 10.24% decrease in the stock price, with the closing price dropping to $23.45.

|code|Ticker|Name|Date|Closing Price|Estimate EPS|EPS Surprise|market_code|
|---|---|---|---|---|---|---|---|
|MODV|MODV.O|ModivCare|20230403|84.88|||185|
|MODV|MODV.O|ModivCare|20230404|84.81|||185|
|MODV|MODV.O|ModivCare|20230405|85.03|||185|
|MODV|MODV.O|ModivCare|20230406|84.09|||185|
|MODV|MODV.O|ModivCare|20230410|84.83|||185|
|MODV|MODV.O|ModivCare|20230411|85.75|||185|
|MODV|MODV.O|ModivCare|20230412|82.26|||185|
|MODV|MODV.O|ModivCare|20230413|81.04|||185|
|MODV|MODV.O|ModivCare|20230414|79.47|||185|
|MODV|MODV.O|ModivCare|20230417|80.38|||185|