Why is DocGo stock sliding today?
© Pavlo Gonchar / SOPA Images/Sipa via Reuters Connect Investing.com -- DocGo stock is sliding nearly 12.7% in pre-open trading today to reach $0.62, as investors react to a disappointing second-quarter 2026 earnings report that missed Wall Street expectations on both the top and bottom lines while delivering a sharply worse profitability outlook. The company posted an adjusted loss per share of $0.16 against a consensus forecast of $0.10, and revenue of $73.4 million fell short of the $75.4 million analysts had anticipated, representing an 8.7% year-over-year decline driven entirely by the wind-down of migrant-related contracts.
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© Pavlo Gonchar / SOPA Images/Sipa via Reuters Connect Investing.com -- DocGo stock is sliding nearly 12.7% in pre-open trading today to reach $0.62, as investors react to a disappointing second-quarter 2026 earnings report that missed Wall Street expectations on both the top and bottom lines while delivering a sharply worse profitability outlook. The company posted an adjusted loss per share of $0.16 against a consensus forecast of $0.10, and revenue of $73.4 million fell short of the $75.4 million analysts had anticipated, representing an 8.7% year-over-year decline driven entirely by the wind-down of migrant-related contracts. Management noted that excluding migrant revenue, the business grew 19% year over year, and medical transportation revenue reached a record $52.0 million for the quarter. The more damaging blow came from the guidance revision: DocGo cut its full-year 2026 adjusted EBITDA outlook to a loss of $17 million to $22 million, a steep deterioration from its prior guidance of a $5 million to $10 million loss.
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- What's the story?
- © Pavlo Gonchar / SOPA Images/Sipa via Reuters Connect Investing.com -- DocGo stock is sliding nearly 12.7% in pre-open trading today to reach $0.62, as investors react to a disappointing second-quarter 2026 earnings report that missed Wall Street expectations on both the top and bottom lines while delivering a sharply worse profitability outlook. The company posted an adjusted loss per share of $0.16 against a consensus forecast of $0.10, and revenue of $73.4 million fell short of the $75.4 million analysts had anticipated, representing an 8.7% year-over-year decline driven entirely by the wind-down of migrant-related contracts.
- How widely is it covered?
- 1 outlet, average source rating 6.0/10.
- When was it last updated?
- 2m ago.
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Why is DocGo stock sliding today?
Sources1TypeCoverageInvesting.com · Stock Market