Waterdrop Inc reports results for the quarter ended in September - Earnings Summary

Reuters2023-12-07

* Waterdrop Inc reported quarterly adjusted earnings of 1 cent​​ per share for the quarter ended in September, lower than the same quarter last year, when the company reported EPS of 9 cents. The lone analyst forecast for the quarter was for earnings of 2 cents per share.

* Revenue fell 12.7% to $94.76 million from a year ago; analysts expected $100.64 million.

* Waterdrop Inc shares had risen by 7.6% this quarter and lost 62.5% so far this year.

FORECAST CHANGES

* The mean earnings estimate of analysts was unchanged 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 3 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

* The average consensus recommendation for the multiline insurance & brokers peer group is also "buy"

Wall Street's median 12-month price target for Waterdrop Inc is $2.80 This summary was machine generated from LSEG data December 7 at 02:31 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 2023 0.02 0.01 Missed

Jun. 30 2023 0.02 0.02 Met

Mar. 31 2023 0.02 0.03 Beat

Dec. 31 2022 0.03 0.00 Missed

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