Clover Health Investments Corp reports results for the quarter ended in September 30 - Earnings Summary

Clover Health Investments

07/11/2024 14:59

* Clover Health Investments Corp  CLOV.OQ  reported a
quarterly
adjusted loss of 2 cents​​ per share for the quarter ended
September 30, higher than the same quarter last year, when the
company reported EPS of -9 cents.  The mean expectation of
three analysts for the quarter was for a loss of 4 cents per
share. Wall Street expected results to range from -5 cents to -3
cents per share.
    * Revenue fell 31.3% to $330.99 million from a year ago;
analysts
expected $346.28 million. 
    * Clover Health Investments Corp's reported EPS for the
quarter
was a loss of 2 cents​.
    * The company reported a quarterly loss of $9.16 million.
    * Clover Health Investments Corp shares had risen by 54.3%
this
quarter and gained 356.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 11.1%
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," 2
"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 $3.60 
This summary was machine generated from LSEG data November 7 at
02:58 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
 Sep. 30 2024      -0.04          -0.02          Beat
 Jun. 30 2024      -0.05          0.01           Beat
 Mar. 31 2024      -0.07          -0.04          Beat
 Dec. 31 2023      -0.14          -0.14          Met