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

Claritev

08/05/2024 14:52

* Multiplan Corp  MPLN.N  reported a quarterly adjusted loss
of 3
cents​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported breakeven
earnings per share.  The mean expectation of two analysts for
the quarter was for a loss of 5 cents per share. Wall Street
expected results to range from -6 cents to -5 cents per share.
    * Revenue fell 0.9% to $234.51 million from a year ago;
analysts
expected $244.12 million. 
    * Multiplan Corp shares had fallen by 19.9% this quarter and
lost 54.9% so far this year.

FORECAST CHANGES
    * 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 "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the business
support
services peer group is  "hold."

Wall Street's median 12-month price target for Multiplan Corp is
$1.68 
This summary was machine generated from LSEG data May 8 at 01:52
p.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
 Mar. 31 2024      -0.05          -0.03          Beat
 Dec. 31 2023      -0.05          -0.05          Met
 Sep. 30 2023      -0.06          -0.04          Beat
 Jun. 30 2023      -0.05          -0.06          Missed