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

AMERICAN WELL

02/05/2024 13:15

* American Well Corp  AMWL.N  reported a quarterly adjusted
loss
of 25 cents​​ per share for the quarter ended in January, lower
than the same quarter last year, when the company reported EPS
of -24 cents.  The mean expectation of thirteen analysts for the
quarter was for a loss of 19 cents per share. Wall Street
expected results to range from -23 cents to -14 cents per share.
    * Revenue fell 7% to $59.52 million from a year ago;
analysts
expected $60.52 million. 
    * American Well Corp's reported EPS for the quarter was a
loss
of 25 cents​.
    * The company reported a quarterly loss of $72.11 million.
    * American Well Corp shares had fallen by 34.5% this
quarter and
lost 64.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.3%
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 May 2 at 12:15
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
 Mar. 31 2024      -0.19          -0.25          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