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

Clover Health Investments

10/05/2022 09:26

* Clover Health Investments Corp  CLOV.OQ  reported a
quarterly
adjusted loss of 19 cents​​ per share for the quarter ended in
March. The mean expectation of six analysts for the quarter was
for a loss of 27 cents per share.
    * Revenue rose 336.5% to $874.38 million from a year ago; 
analysts expected $787.41 million. 
    * Clover Health Investments Corp's reported EPS for the
quarter
was a loss of 16 cents​.
    * The mean earnings estimate of analysts had fallen by
about 16.9%
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 fallen by 32.1%
this
quarter and lost 35.2% so far this year.
    * The company reported a quarterly loss of $75.31 million.
    * Wall Street's median 12-month price target for Clover
Health
Investments Corp is $3.25 
    * 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 May 10 at 08:26 a.m.  ​All
figures in US dollars unless otherwise stated