Clover Health Investments Corp expected to post a loss of 15 cents a share - Earnings Preview

Clover Health Investments

04/08/2023 22:02

* Clover Health Investments Corp  CLOV.OQ   CLOV.O  is
expected
to show a fall in quarterly revenue when it reports  results on
August 8. 
    * The Franklin Tennessee-based  company is expected to
report  a
42.0% decrease in revenue to $490.821 million from $846.7
million a year ago, according to the mean estimate from 5
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Clover Health
Investments
Corp is for a loss of 15 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"hold" and 2 "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 Clover
Health
Investments Corp is $1.13​, below​ its last closing price
of $1.35. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  -0.17       -0.18      -0.15     Beat    14.7
 Dec. 31 2023  -0.23       -0.26      -0.17     Beat    31.4
 Sep. 30 2022  -0.25       -0.24      -0.16     Beat    33.1​
 Jun. 30 2022  -0.21       -0.21      -0.22     Missed  -6.7
 ​​Mar.        -0.28       -0.27      -0.19     Beat    30.5
 31 2022                                                
 Dec. 31 2021  -0.27       -0.26      -0.28     Missed  -7.9​
 Sep. 30 2021  -0.24       -0.23      -0.08     Beat    65
 Jun. 30 2021  -0.13       -0.14      -0.78     Missed  -476.4
 This summary was machine generated August 4 at 21:02 GMT.  All
figures in US dollars  unless otherwise stated