Bright Health Gr Q2 EPS $(8.55) Misses $(5.44) Estimate, Sales $297.98M May Not be Comparable To $752.05M Estimate
Portfolio Pulse from Benzinga Newsdesk
Bright Health Gr (NYSE:BHG) reported Q2 EPS of $(8.55), missing the estimate of $(5.44) by 57.17%. The company also reported quarterly sales of $297.98M, missing the estimate of $752.05M by 60.38%. However, these figures represent an increase over the same period last year.
August 09, 2023 | 10:55 am
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NEGATIVE IMPACT
Bright Health Gr's Q2 earnings and sales missed estimates significantly, which could negatively impact the stock price in the short term.
Bright Health Gr's Q2 earnings and sales missed estimates by a significant margin. This could lead to a decrease in investor confidence and a potential drop in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100