Multiplan Corp expected to post a loss of 6 cents a share - Earnings Preview

Claritev

30/07/2024 19:31

* Multiplan Corp  MPLN.N   MPLN.K  is expected to show a
rise in
quarterly revenue when it reports  results on August 1 for the
period ending June 30 2024
    * The New York City-based  company is expected to report a
3.3% increase in revenue to $245.804 million from $237.99
million a year ago, according to the mean estimate from 3
analysts, based on LSEG data.The company's guidance on May 8
2024, for the period ended June 30, was for revenue between
$235.00 million and $250.00 million.
    * ​LSEG's mean analyst estimate for Multiplan Corp is for a
loss
of 6 cents 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
$2.00​, above​ its last closing price of $0.49. ​​​

The company's guidance on May 8 2024 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of between USD235 million and USD160 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  
 Mar. 31 2024  -0.05       -0.05      -0.03     Beat    43.9
 Jan. 1 2024   -0.05       -0.05      -0.05     Met     8.3
 Jan. 1 0001   -0.06       -0.06      -0.04     Beat    30.4​
 Jan. 1 0001   -0.05       -0.05      -0.06     Missed  -14.3
 ​​Mar.        -0.06       -0.06      0.00      Beat    100
 31 2023                                                
 Dec. 31 2022  -0.05       -0.05      -1.02     Missed  -2,117
                                                        .4​
 Sep. 30 2022  0.03        0.03       0.03      Met     0.8
 Jan. 1 0001   0.04        0.04       0.02      Missed  -48.4
 This summary was machine generated July 30 at 18:31 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)