American Well Corp reports results for the quarter ended in September 30 - Earnings Summary

AMERICAN WELL

31/10/2024 02:38

* American Well Corp  AMWL.N  reported a quarterly adjusted
loss
of $2.87​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of $-9.60.  The mean expectation of ten analysts for the quarter
was for a loss of $3.40 per share. Wall Street expected
results to range from $-4.20 to $-2.97 per share.
    * Revenue fell 1.4% to $61.05 million from a year ago;
analysts
expected $63.27 million. 
    * American Well Corp's reported EPS for the quarter was a
loss of
$2.87​.
    * The company reported a quarterly loss of $43.46 million.
    * American Well Corp shares had risen by 1.7% this
quarter and
lost 67.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 6.4%
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 no "strong buy" or "buy," 10
"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 $11.00 
This summary was machine generated from LSEG data October 31 at
02:38 a.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
 Sep. 30 2024      -3.40          -2.87          Beat
 Jun. 30 2024      -3.98          -3.36          Beat
 Mar. 31 2024      -3.80          -5.00          Missed
 Dec. 31 2023      -3.96          -3.40          Beat