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

Clover Health Investments

12/03/2024 21:01

* Clover Health Investments Corp  CLOV.OQ  reported a
quarterly
adjusted loss of 14 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of -17 cents.  The mean expectation of
three analysts for the quarter was for a loss of 14 cents per
share. Wall Street expected results to range from -18 cents
to -10 cents per share.
    * Revenue fell 43.2% to $510.25 million from a year ago;
analysts
expected $480.26 million. 
    * Clover Health Investments Corp's reported EPS for the
quarter
was a loss of 14 cents​.
    * The company reported a quarterly loss of $70.47 million.
    * Clover Health Investments Corp shares had fallen by 17.2%
this
quarter.

FORECAST CHANGES
    * 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.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the managed
healthcare
peer group is also "hold"

Wall Street's median 12-month price target for Clover Health
Investments Corp is $1.38 
This summary was machine generated from LSEG data March 12 at
09:00 p.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
 Dec. 31 2023      -0.14          -0.14          Met
 Sep. 30 2023      -0.11          -0.09          Beat
 Jun. 30 2023      -0.15          -0.06          Beat
 Mar. 31 2023      -0.18          -0.15          Beat