* American Well Corp reported a quarterly adjusted loss of $2.87 per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $-9.60. The mean expectation of ten analysts for the quarter was for a loss of $3.40 per share. Wall Street expected results to range from $-4.20 to $-2.97 per share.
* Revenue fell 1.4% to $61.05 million from a year ago; analysts expected $63.27 million.
* American Well Corp's reported EPS for the quarter was a loss of $2.87.
* The company reported a quarterly loss of $43.46 million.
* American Well Corp shares had risen by 1.7% this quarter and lost 67.7% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 6.4% 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 "hold" and the breakdown of recommendations is no "strong buy" or "buy," 10 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the healthcare facilities & services peer group is also "hold"
Wall Street's median 12-month price target for American Well Corp is $11.00 This summary was machine generated from LSEG data October 31 at 02:38 a.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 -3.40 -2.87 Beat
Jun. 30 2024 -3.98 -3.36 Beat
Mar. 31 2024 -3.80 -5.00 Missed
Dec. 31 2023 -3.96 -3.40 Beat
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