Oscar Health Inc reports results for the quarter ended in December - Earnings Summary

Oscar Health

07/02/2024 23:37

* Oscar Health Inc  OSCR.N  reported a quarterly adjusted
loss
of 66 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of $-1.05.  The mean expectation of four analysts
for the quarter was for a loss of 72 cents per share. Wall
Street expected results to range from -74 cents to -69 cents per
share.
    * Revenue rose 43.9% to $1.43 billion from a year ago;
analysts
expected $1.42 billion. 
    * Oscar Health Inc's reported EPS for the quarter was a loss
of 66
cents​.
    * The company reported a quarterly loss of $150.03 million.
    * Oscar Health Inc shares had risen by 48.5% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen 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.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the life & health
insurance peer group is also "buy"

Wall Street's median 12-month price target for Oscar Health Inc
is $10.00 
This summary was machine generated from LSEG data February 7 at
11:37 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      -0.72          -0.66          Beat
 Sep. 30 2023      -0.47          -0.29          Beat
 Jun. 30 2023      -0.23          -0.07          Beat
 Mar. 31 2023      -0.05          -0.18          Missed