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

Claritev

06/11/2024 05:06

* Multiplan Corp  MPLN.N  reported a quarterly adjusted loss
of
$24.25​​ per share for the quarter ended September 30, lower
than the same quarter last year, when the company reported EPS
of $-1.60.  The mean expectation of three analysts for the
quarter was for a loss of $13.70 per share. Wall Street expected
results to range from $-35.60 to $-2.37 per share.
    * Revenue fell 5.1% to $230.50 million from a year ago;
analysts
expected $233.67 million. 
    * Multiplan Corp shares had risen by 10.6% this quarter and
lost 85.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.1%
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 1 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the business
support
services peer group is also "hold"

Wall Street's median 12-month price target for Multiplan Corp is
$40.00 
This summary was machine generated from LSEG data November 6 at
05:06 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      -13.70         -24.25         Missed
 Jun. 30 2024      -2.23          -35.60         Missed
 Mar. 31 2024      -2.14          -1.20          Beat
 Dec. 31 2023      -2.18          -2.00          Beat