Clover Health Investments Corp expected to post a loss of 21  cents a share - Earnings Preview

Clover Health Investments

06/08/2022 03:10

* Clover Health Investments Corp  CLOV.OQ   CLOV.O  is
expected
to show a rise in quarterly revenue when it reports  results on
August 8. 
    * The Franklin Tennessee-based  company is expected to
report  a
97.5% increase in revenue to $814.616 million from $412.47
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 21 cents per share. For the same quarter
last year, the company reported a loss of 78 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 $3​, below​ its last closing price of $3.26.
​​​
    * 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 2022  -0.28       -0.27      -0.19     Beat    30.5
 Dec. 31 2022  -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
 ​​Mar.        -0.11       -0.11      -0.13     Missed  -17.5
 31 2021                                                
 Dec. 31 2020              -0.84                        ​
 This summary was machine generated August 6 at 02:10 GMT.  All
figures in US dollars  unless otherwise stated