Multiplan Corp expected to post a loss of $13.70 a share - Earnings Preview

Claritev

01/11/2024 14:26

* Multiplan Corp  MPLN.N   MPLN.K  is expected to show a
fall in
quarterly revenue when it reports  results on November 5 for the
period ending September 30 2024
    * The New York City-based  company is expected to report a
3.8% decrease in revenue to $233.67 million from $242.8 million
a year ago, according to the mean estimate from 3 analysts,
based on LSEG data.The company's guidance on August 1 2024, for
the period ended September 30, was for revenue between $230.00
million and $245.00 million.
    * ​LSEG's mean analyst estimate for Multiplan Corp is for a
loss
of $13.70 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Multiplan
Corp is
$40.00​, above​ its last closing price of $8.96. ​​​

The company's guidance on August 1 2024 for the period ended
September 30 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between USD230 million and
USD150 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  -2.17       -2.23      -35.60    Missed  -1,498
                                                        .7
 Mar. 31 2024  -2.13       -2.14      -1.20     Beat    43.9
 Dec. 31 2023  -2.18       -2.18      -2.00     Beat    8.3​
 Sep. 30 2023  -2.60       -2.30      -1.60     Beat    30.4
 ​​Jun.        -2.20       -2.10      -2.40     Missed  -14.3
 30 2023                                                
 Mar. 31 2023  -2.22       -2.23      0.00      Beat    100​
 Dec. 31 2022  -1.83       -1.84      -40.80    Missed  -2,117
                                                        .4
 Sep. 30 2022  1.19        1.19       1.20      Beat    0.8
 This summary was machine generated November 1 at 14:26 GMT.  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)