Clover Health Investments Corp reports results for the quarter ended June 30 - Earnings Summary

• Clover Health Investments Corp CLOV.OQ reported a quarterly adjusted loss of 2 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 1 cents. The mean expectation of four analysts for the quarter was for a loss of 3 cents per share. Wall Street expected results to range from -4 cents to -1 cents per share.

• Revenue rose 34.1% to $477.62 million from a year ago; analysts expected $468.30 million.

• Clover Health Investments Corp's reported EPS for the quarter was a loss of 2 cents​.

• The company reported a quarterly loss of $10.58 million.

• Clover Health Investments Corp shares had risen by 3.2% this quarter and lost 8.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 106.3% 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 2 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the managed healthcare peer group is "buy."

• Wall Street's median 12-month price target for Clover Health Investments Corp is $4.50, about 36% above its last closing price of $2.88

This summary was machine generated from LSEG data August 5 at 09:43 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)