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

• Claritev Corp CTEV.N reported a quarterly adjusted loss of $3.90​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of $-1.20. The mean expectation of two analysts for the quarter was for a loss of $3.09 per share. Wall Street expected results to range from $-3.99 to $-2.20 per share.

• Revenue fell 1.4% to $231.33 million from a year ago; analysts expected $222.66 million.

• Claritev Corp shares had risen by 2.9% this quarter and gained 43.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 15.4% 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 1 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the business support services peer group is also "hold"

• Wall Street's median 12-month price target for Claritev Corp is $21.00

This summary was machine generated from LSEG data May 8 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)