Yahoo Finance Clover Health Investments First Quarter 2024 Earnings: Beats Expectations
Clover Health Investments (NASDAQ:CLOV) First Quarter 2024 Results
Key Financial Results
Revenue: US$346.9m (down 35% from 1Q 2023).
Net loss: US$23.2m (loss narrowed by 68% from 1Q 2023).
US$0.047 loss per share (improved from US$0.15 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Clover Health Investments Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 5.7%. Earnings per share (EPS) also surpassed analyst estimates by 46%.
Looking ahead, revenue is expected to decline by 6.9% p.a. on average during the next 3 years, while revenues in the Healthcare industry in the US are expected to grow by 6.7%.
Performance of the American Healthcare industry.
The company's shares are up 35% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 2 warning signs for Clover Health Investments you should be aware of.
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