American Well Corp reports results for the quarter ended March 31 - Earnings Summary

• American Well Corp AMWL.N reported a quarterly adjusted loss of $1.88​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $-5.00. The mean expectation of nine analysts for the quarter was for a loss of $2.68 per share. Wall Street expected results to range from $-4.65 to $-2.23 per share.

• Revenue rose 12.3% to $66.83 million from a year ago; analysts expected $60.15 million.

• American Well Corp's reported EPS for the quarter was a loss of $1.19​.

• The company reported a quarterly loss of $18.7 million.

• American Well Corp shares had fallen by 7.0% this quarter and gained 1.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 7.3% 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," 9 "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 $10.25

This summary was machine generated from LSEG data May 2 at 04:46 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)