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

Clover Health Investments

08/08/2022 23:08

* Clover Health Investments Corp  CLOV.OQ  reported a
quarterly
adjusted loss of 22 cents​​ per share for the quarter ended in
June. The mean expectation of six analysts for the quarter was
for a loss of 21 cents per share.
    * Revenue rose 105.3% to $846.70 million from a year ago;
analysts
expected $814.62 million. 
    * Clover Health Investments Corp's reported EPS for the
quarter
was a loss of 22 cents​.
    * The mean earnings estimate of analysts had risen by
about 0.7%
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 52.3%
this
quarter and lost 12.4% so far this year.
    * The company reported a quarterly loss of $104.18 million.
    * Wall Street's median 12-month price target for Clover
Health
Investments Corp is $3.00 
    * 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 August 8
at 10:08 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      -0.21          -0.22          Missed
 Mar. 31 2022      -0.27          -0.19          Beat
 Dec. 31 2021      -0.26          -0.28          Missed
 Sep. 30 2021      -0.23          -0.08          Beat