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

AMERICAN WELL

10/05/2022 19:43

* American Well Corp  AMWL.N  reported a quarterly adjusted
loss
of 26 cents​​ per share for the quarter ended in March. The mean
expectation of fourteen analysts for the quarter was for a loss
of 23 cents per share.
    * Revenue rose 11.5% to $64.23 million from a year ago; 
analysts
expected $64.94 million. 
    * American Well Corp's reported EPS for the quarter was a
loss
of 26 cents​.
    * The mean earnings estimate of analysts had fallen by
about 24.5%
in the last three months.​ 
    * In the last 30 days two analysts negatively revised
earnings
estimates 
    * American Well Corp shares had fallen by 35.2% this
quarter and
lost 54.8% so far this year.
    * The company reported a quarterly loss of $70.04 million.
    * Wall Street's median 12-month price target for American
Well
Corp is $5.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 11
"hold" and no "sell" or "strong sell." 

This summary was machine generated May 10 at 06:42 p.m.  ​All
figures in US dollars unless otherwise stated