Oscar Health Inc reports results for the quarter ended March 31 - Earnings Summary

• Oscar Health Inc OSCR.N reported quarterly adjusted earnings of 92 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 62 cents. The mean expectation of eight analysts for the quarter was for earnings of 79 cents per share. Wall Street expected results to range from 66 cents to $1.03 per share.

• Revenue rose 42.2% to $3.05 billion from a year ago; analysts expected $2.86 billion.

• Oscar Health Inc's reported EPS for the quarter was 92 cents​.

• The company reported quarterly net income of $275.27 million.

• Oscar Health Inc shares had fallen by 0.3% this quarter and lost 2.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2.6% 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 4 "strong buy" or "buy," 3 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the life & health insurance peer group is also "hold"

• Wall Street's median 12-month price target for Oscar Health Inc is $16.00

This summary was machine generated from LSEG data May 7 at 01:31 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)