Earnings Preview For American Well
Portfolio Pulse from Benzinga Insights
American Well (NYSE:AMWL) is scheduled to release its quarterly earnings report on February 14, 2024, with an estimated EPS of $-0.20. Investors are hopeful for a beat on this estimate and positive guidance for the next quarter. Historically, AMWL's stock price has shown volatility post-earnings announcement, with a mix of positive and negative reactions. Currently, shares are trading at $1.16, reflecting a 71.72% decline over the last 52 weeks, indicating a bearish sentiment among long-term shareholders.
February 13, 2024 | 6:01 pm
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American Well is expected to report an EPS of $-0.20 for the latest quarter with hopes of positive future guidance. The stock has experienced significant volatility post-earnings in the past, and it's currently down 71.72% over the last year.
Given the historical volatility in AMWL's stock price post-earnings and the current bearish sentiment, the upcoming earnings report and guidance could have a neutral to slightly positive impact if the company beats estimates and provides positive future guidance. However, the significant year-over-year decline indicates underlying challenges that may temper any positive reaction.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100