Sharecare, Inc. (SHCR) Reports Q2 Loss, Tops Revenue Estimates

Earnings Performance - Sharecare reported a quarterly loss of $0 04 per share, missing the Zacks Consensus Estimate of a loss of $0 03 per share, representing an earnings surprise of -33 33% [1] - The company's loss per share increased from $0 03 in the same quarter last year [1] - Over the last four quarters, Sharecare has surpassed consensus EPS estimates only once [2] Revenue Performance - Sharecare posted revenues of $94 27 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 4 55% [2] - This represents a decline from year-ago revenues of $110 35 million [2] - The company has topped consensus revenue estimates twice over the last four quarters [2] Stock Performance - Sharecare shares have gained approximately 26 9% since the beginning of the year, outperforming the S&P 500's gain of 11 5% [3] - The stock's immediate price movement will depend on management's commentary during the earnings call [3] Earnings Outlook - The current consensus EPS estimate for the coming quarter is -$0 02 on $97 63 million in revenues [7] - For the current fiscal year, the consensus EPS estimate is -$0 10 on $384 16 million in revenues [7] - The estimate revisions trend for Sharecare is mixed, translating into a Zacks Rank 3 (Hold) [6] Industry Context - Sharecare belongs to the Zacks Medical Services industry, which is currently in the bottom 41% of the 250 plus Zacks industries [8] - The top 50% of Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1 [8] Peer Comparison - Premier, Inc (PINC), another company in the Medical Services industry, is expected to report quarterly earnings of $0 49 per share, representing a year-over-year decline of 27 9% [9] - Premier, Inc's revenues are expected to be $311 82 million, down 8 4% from the year-ago quarter [9]