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

AMERICAN WELL

31/07/2024 22:52

* American Well Corp  AMWL.N  reported a quarterly adjusted
loss
of $3.36​​ per share for the quarter ended in June, higher than
the same quarter last year, when the company reported EPS of
$-6.60.  The mean expectation of twelve analysts for the quarter
was for a loss of $3.98 per share. Wall Street expected
results to range from $-4.60 to $-3.40 per share.
    * Revenue rose 0.5% to $62.79 million from a year ago;
analysts
expected $61.61 million. 
    * American Well Corp's reported EPS for the quarter was a
loss of
$3.36​.
    * The company reported a quarterly loss of $49.92 million.
    * American Well Corp shares had risen by 29.2% this
quarter and
lost 71.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.9%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * 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 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 $40.00 
This summary was machine generated from LSEG data July 31 at
09:52 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
 Jun. 30 2024      -3.98          -3.36          Beat
 Mar. 31 2024      -3.76          -5.00          Missed
 Dec. 31 2023      -3.96          -3.40          Beat
 Sep. 30 2023      -4.22          -9.60          Missed