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CLOV Stock Declines Despite Q3 Earnings Beat, FY24 View Revised
ZACKS· 2024-11-07 17:20
Clover Health Investments, Corp. (CLOV) delivered a loss per share of 2 cents in the third quarter of 2024, narrower than the year-ago period’s loss of 7 cents per share and the Zacks Consensus Estimate of a loss of 3 cents per share.CLOV’s Revenues in DetailClover Health registered revenues of $330.9 million in the third quarter, up 8.2% year over year. However, the figure missed the Zacks Consensus Estimate by 4.8%.The top line was aided by robust Insurance revenues and Other income.Shares of this company ...
Clover Health Investments, Corp. (CLOV) Reports Q3 Loss, Lags Revenue Estimates
ZACKS· 2024-11-07 00:26
Clover Health Investments, Corp. (CLOV) came out with a quarterly loss of $0.02 per share versus the Zacks Consensus Estimate of a loss of $0.03. This compares to loss of $0.09 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 33.33%. A quarter ago, it was expected that this company would post a loss of $0.04 per share when it actually produced earnings of $0.01, delivering a surprise of 125%.Over the last four quarters, the com ...
Clover Health Investments(CLOV) - 2024 Q3 - Earnings Call Presentation
2024-11-06 23:51
Third Quarter 2024 Earnings Conference Call November 6, 2024 LGTMs: Date: | --- | --- | |--------------------------|----------| | | | | Andrew T. ("I" in RAPID) | Input | | | provided | | | 11/4 | Peter K. Legal (Karen / Peter R.) Accounting (#s check) Disclaimer This presentation and the accompanying oral presentation include forward-looking statements, including, without limitation, statements regarding future events and Clover Health Investments, Corp.'s ("Clover Health," "we," "our," or "us") expectatio ...
Clover Health Investments(CLOV) - 2024 Q3 - Earnings Call Transcript
2024-11-06 23:50
Clover Health Investments, Corp. (NASDAQ:CLOV) Q3 2024 Earnings Conference Call November 6, 2024 5:00 PM ET Company Participants Ryan Schmidt - Investor Relations Andrew Toy - Chief Executive Officer Peter Kuipers - Chief Financial Officer Conference Call Participants Jonathan Yong - UBS John French - Leerink Partners Operator Ladies and gentlemen, good afternoon. And welcome to the Clover Health Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. A questio ...
Clover Health Investments(CLOV) - 2024 Q3 - Quarterly Results
2024-11-06 21:07
Clover Health Reports Strong Third Quarter 2024 Financial Results; Highlights Differentiated Market Opportunity to Grow Membership Delivers 9% Total Revenue growth year-to-date compared to prior year period Company improves 2024 year-to-date GAAP Net Loss from Continuing Operations by $117.4 million year-over-year and year-to-date Adjusted EBITDA by $87.2 million year-over-year Increases Full-Year 2024 guidance midpoint to target updated range of Adjusted EBITDA profitability of $55 million - $65 million, s ...
Clover Health's Rally: The Payoff Of A Profitable Pivot
Seeking Alpha· 2024-11-06 08:41
Small deep value individual investor, with a modest private investment portfolio, split approx. 50%-50% between shares and call options. I have a B.Sc. in aeronautical engineering and over 6 years of experience as an engineering consultant in the aerospace sector. The latter statement is not relevant in any way whatsoever to my investment style, but I thought to add it for self-indulgent purposes. I have a contrarian investment style, highly risky, and often dealing with illiquid options. How illiquid? Well ...
CLOV Q3 Estimates Unchanged Before Earnings: How to Play the Stock?
ZACKS· 2024-11-04 18:46
Clover Health Investments, Corp. (CLOV) is scheduled to report third-quarter 2024 results on Nov. 6, after the closing bell.In the last reported quarter, the company delivered earnings per share of a penny against the Zacks Consensus Estimate of a loss of 4 cents. Over the trailing four quarters, its earnings outperformed the Zacks Consensus Estimate on each of the four occasions, delivering an earnings surprise of 49.2%, on average.For third-quarter 2024, the Zacks Consensus Estimate for revenues is pegged ...
Clover Health to Report Third Quarter 2024 Financial Results on November 6
GlobeNewswire News Room· 2024-10-23 20:05
FRANKLIN, Tenn., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Clover Health Investments, Corp. (Nasdaq: CLOV) (“Clover Health”), today announced that it will report third quarter 2024 financial results after market close on Wednesday, November 6, 2024. Management will host a conference call and webcast at 5:00 p.m. Eastern Time on November 6, 2024, to discuss Clover Health’s third quarter 2024 business and financial results. Third Quarter 2024 Conference Call and Webcast Details: What: Clover Health’s Third Quarter 20 ...
Undercovered Dozen: Clover Health, Quipt, Vital Energy, STMicroelectronics +
Seeking Alpha· 2024-10-04 18:15
Some tickers are covered more than others on the site, so with The Undercovered Dozen our Editors highlight twelve actionable investment ideas on tickers with less coverage. These ideas can range from "boring" large caps to promising up-and-coming small caps. Specifically, the inclusion criteria for "undercovered" include: market cap greater than $100 million, more than 800 symbol page views in the last 90 days on Seeking Alpha, and fewer than two articles published in the past 30 days. Follow this account ...
Clover Health Investments, Corp. (CLOV) Hits Fresh High: Is There Still Room to Run?
ZACKS· 2024-10-04 14:15
Have you been paying attention to shares of Clover Health Investments, Corp. (CLOV) ? Shares have been on the move with the stock up 50.4% over the past month. The stock hit a new 52-week high of $4.03 in the previous session. Clover Health Investments, Corp. has gained 320.1% since the start of the year compared to the 7.2% move for the Zacks Medical sector and the -9% return for the Zacks Medical Info Systems industry. What's Driving the Outperformance? The stock has an impressive record of positive earni ...