American Well (AMWL) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - American Well Corporation (AMWL) reported revenue of $61.05 million for the quarter ended September 2024, a decrease of 1.4% year-over-year [1] - The company's EPS was -$2.87, an improvement from -$4.00 in the same quarter last year [1] - Revenue fell short of the Zacks Consensus Estimate of $62.06 million, resulting in a surprise of -1.64%, while the EPS exceeded expectations by 13.55% [1] Revenue Breakdown - Platform subscription revenue was $26.23 million, below the estimated $27.23 million, reflecting a year-over-year decline of 7.6% [3] - Other revenue reached $7.35 million, surpassing the average estimate of $6.13 million, marking a year-over-year increase of 7.4% [3] - Revenue from visits was $27.47 million, compared to the average estimate of $28.60 million, indicating a year-over-year growth of 2.8% [3] Stock Performance - Over the past month, American Well's shares have returned +4.2%, outperforming the Zacks S&P 500 composite's +1.8% change [4] - The stock currently holds a Zacks Rank 2 (Buy), suggesting potential for outperformance in the near term [4]