Clover Health Investments Corp reports results for the quarter ended in December - Earnings Summary

Clover Health Investments

28/02/2023 14:38

* Clover Health Investments Corp  CLOV.OQ  reported a
quarterly
adjusted loss of 17 cents​​ per share for the quarter ended in
December. The mean expectation of six analysts for the quarter
was for a loss of 26 cents per share.
    * Revenue rose 108% to $898.79 million from a year ago;
analysts
expected $785.38 million. 
    * Clover Health Investments Corp's reported EPS for the
quarter
was a loss of 17 cents​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Clover Health Investments Corp shares had risen by 23.7%
this
quarter.
    * The company reported a quarterly loss of $84.05 million.
    * Wall Street's median 12-month price target for Clover
Health
Investments Corp is $1.63 
    * 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." 

This summary was machine generated from Refinitiv data February
28 at 02:37 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      -0.26          -0.17          Beat
 Sep. 30 2022      -0.24          -0.16          Beat
 Jun. 30 2022      -0.21          -0.22          Missed
 Mar. 31 2022      -0.27          -0.19          Beat