American Well Corp reports results for the quarter ended in December - Earnings Summary

AMERICAN WELL

14/02/2024 23:35

* American Well Corp  AMWL.N  reported a quarterly adjusted
loss
of 17 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of -22 cents.  The mean expectation of
twelve analysts for the quarter was for a loss of 20 cents per
share. Wall Street expected results to range from -23 cents
to -18 cents per share.
    * Revenue fell 10.8% to $70.68 million from a year ago;
analysts
expected $70.20 million. 
    * American Well Corp's reported EPS for the quarter was a
loss
of 17 cents​.
    * The company reported a quarterly loss of $48.59 million.
    * American Well Corp shares had fallen by 28.9% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 12
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the healthcare
facilities & services peer group is also "hold"

Wall Street's median 12-month price target for American Well
Corp is $2.00 
This summary was machine generated from LSEG data February 14 at
11:35 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.20          -0.17          Beat
 Sep. 30 2023      -0.21          -0.48          Missed
 Jun. 30 2023      -0.22          -0.33          Missed
 Mar. 31 2023      -0.21          -0.24          Missed