American Well Corp expected to post a loss of $3.98 a share - Earnings Preview

AMERICAN WELL

30/07/2024 24:08

* American Well Corp  AMWL.N   AMWL.K  is expected to show a
fall
in quarterly revenue when it reports  results on July 31 for the
period ending January 1 0001
    * The Boston Massachusetts-based  company is expected to
report a
1.3% decrease in revenue to $61.612 million from $62.45 million
a year ago, according to the mean estimate from 11 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for American Well Corp is
for a
loss of $3.98 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 11
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for American
Well
Corp is $40.00​, above​ its last closing price of $8.42. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  -3.75       -3.76      -5.00     Missed  -33.1
 Jan. 1 2024   -4.01       -3.96      -3.40     Beat    14
 Sep. 30 2023  -4.26       -4.22      -9.60     Missed  -127.5
                                                        ​
 Jun. 30 2023  -4.47       -4.47      -6.60     Missed  -47.8
 ​​Mar.        -4.21       -4.14      -4.80     Missed  -15.9
 31 2023                                                
 Dec. 31 2022  -5.12       -5.06      -4.40     Beat    13​
 Sep. 30 2022  -5.18       -5.13      -5.00     Beat    2.6
 Jun. 30 2022  -5.26       -5.15      -5.00     Beat    2.8
 This summary was machine generated July 29 at 23:08 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)