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

Clover Health Investments

08/08/2023 23:02

* Clover Health Investments Corp  CLOV.OQ  reported a
quarterly
adjusted loss of 6 cents​​ per share for the quarter ended in
June. The mean expectation of six analysts for the quarter was
for a loss of 15 cents per share.
    * Revenue fell 39.3% to $513.63 million from a year ago;
analysts
expected $490.82 million. 
    * Clover Health Investments Corp's reported EPS for the
quarter
was a loss of 6 cents​.
    * The mean earnings estimate of analysts had risen by
about 1.4%
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 40.5%
this
quarter and gained 35.6% so far this year.
    * The company reported a quarterly loss of $28.81 million.
    * Wall Street's median 12-month price target for Clover
Health
Investments Corp is $1.13 
    * 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 LSEG Refinitiv data
August 8 at 10:02 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.15          -0.06          Beat
 Mar. 31 2023      -0.18          -0.15          Beat
 Dec. 31 2022      -0.26          -0.17          Beat
 Sep. 30 2022      -0.24          -0.16          Beat