Oscar Health Inc reports results for the quarter ended in September 30 - Earnings Summary

Oscar Health

07/11/2024 14:47

* Oscar Health Inc  OSCR.N  reported a quarterly adjusted
loss
of 22 cents​​ per share for the quarter ended September 30,
higher than the same quarter last year, when the company
reported EPS of -29 cents.  The mean expectation of
seven analysts for the quarter was for a loss of 17 cents per
share. Wall Street expected results to range from -23 cents
to -5 cents per share.
    * Revenue rose 68.3% to $2.42 billion from a year ago;
analysts
expected $2.34 billion. 
    * Oscar Health Inc's reported EPS for the quarter was a loss
of 22
cents​.
    * The company reported a quarterly loss of $54.6 million.
    * Oscar Health Inc shares had fallen by 26.7% this
quarter and
gained 69.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 9% 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 5 "strong buy" or "buy," 1
"hold" and 1 "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 $27.50 
This summary was machine generated from LSEG data November 7 at
02:46 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      -0.17          -0.22          Missed
 Jun. 30 2024      0.16           0.20           Beat
 Mar. 31 2024      0.27           0.62           Beat
 Dec. 31 2023      -0.72          -0.66          Beat