American Well Corporation reports results for the quarter ended September 30 - Earnings Summary

• American Well Corporation AMWL.N reported a quarterly adjusted loss of 67 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $-2.00. The mean expectation of seven analysts for the quarter was for a loss of 75 cents per share. Wall Street expected results to range from -87 cents to -62 cents per share.

• Revenue fell 13% to $48.99 million from a year ago; analysts expected $47.29 million.

• American Well Corporation's reported EPS for the quarter was a loss of 67 cents​.

• The company reported a quarterly loss of $11.36 million.

• American Well Corporation shares had fallen by 7.8% this quarter and gained 155.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 11.4% 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," 8 "hold" and no "sell" or "strong sell." The average consensus recommendation for the healthcare facilities & services peer group is "buy."

• Wall Street's median 12-month price target for American Well Corporation is $12.00, about 6.2% below its last closing price of $12.74

This summary was machine generated from LSEG data November 3 at 10:51 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)