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

AMERICAN WELL

02/08/2023 23:36

* American Well Corp  AMWL.N  reported a quarterly adjusted
loss
of 23 cents​​ per share for the quarter ended in June. The mean
expectation of fourteen analysts for the quarter was for a loss
of 22 cents per share.
    * Revenue fell 3.2% to $62.45 million from a year ago;
analysts
expected $65.86 million. 
    * American Well Corp's reported EPS for the quarter was a
loss
of 33 cents​.
    * The mean earnings estimate of analysts had fallen by
about 8% in
the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * American Well Corp shares had risen by 9.5% this
quarter and
lost 18.7% so far this year.
    * The company reported a quarterly loss of $92.48 million.
    * Wall Street's median 12-month price target for American
Well
Corp is $3.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 12
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 2 at 10:36 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.22          -0.23          Missed
 Mar. 31 2023      -0.21          -0.24          Missed
 Dec. 31 2022      -0.25          -0.22          Beat
 Sep. 30 2022      -0.26          -0.25          Beat