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

AMERICAN WELL

02/11/2023 24:51

* American Well Corp  AMWL.N  reported a quarterly adjusted
loss
of 48 cents​​ per share for the quarter ended in September,
lower than the same quarter last year, when the company reported
EPS of -25 cents.  The mean expectation of twelve analysts for
the quarter was for a loss of 21 cents per share. Wall Street
expected results to range from -25 cents to -18 cents per share.
    * Revenue fell 10.5% to $61.92 million from a year ago;
analysts
expected $63.17 million. 
    * American Well Corp's reported EPS for the quarter was a
loss
of 48 cents​.
    * The company reported a quarterly loss of $136.41 million.
    * American Well Corp shares had held steady so far this
quarter and lost 58.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2% in
the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

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 $2.55 
This summary was machine generated from LSEG data November 2 at
12:51 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      -0.21          -0.48          Missed
 Jun. 30 2023      -0.22          -0.33          Missed
 Mar. 31 2023      -0.21          -0.24          Missed
 Dec. 31 2022      -0.25          -0.22          Beat