Clover Health Investments Corp expected to post a loss of 24 cents a share - Earnings Preview

Clover Health Investments

05/11/2022 03:14

* Clover Health Investments Corp  CLOV.OQ   CLOV.O  is
expected
to show a rise in quarterly revenue when it reports  results on
November 7. 
    * The Franklin Tennessee-based  company is expected to
report  a
87.2% increase in revenue to $799.463 million from $427.16
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 24 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​, above​ its last closing price of $1.37.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2022  -0.21       -0.21      -0.22     Missed  -6.7
 Mar. 31 2022  -0.28       -0.27      -0.19     Beat    30.5
 Dec. 31 2021  -0.27       -0.26      -0.28     Missed  -7.9​
 Sep. 30 2021  -0.24       -0.23      -0.08     Beat    65
 ​​Jun.        -0.13       -0.14      -0.78     Missed  -476.4
 30 2021                                                
 Mar. 31 2021  -0.11       -0.11      -0.13     Missed  -17.5​
 Dec. 31 2020              -0.84                        
 This summary was machine generated November 5 at 03:14 GMT.  All
figures in US dollars  unless otherwise stated