American Well: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
American Well (NYSE:AMWL) reported Q4 earnings with an EPS of $-0.17, beating estimates by 15.0% but with a revenue decrease of $8.56 million from the previous year. Despite missing EPS estimates in Q3 2023, the share price increased by 13.56% the following day. The company's past earnings performance shows a pattern of fluctuating EPS and revenue figures.
February 14, 2024 | 9:20 pm
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American Well reported a better-than-expected Q4 EPS of $-0.17, surpassing estimates by 15%, though revenue fell by $8.56 million from the same period last year. The company's stock price previously increased by 13.56% following a missed EPS estimate in Q3 2023.
The positive earnings surprise of 15% is likely to instill investor confidence, potentially leading to a short-term uptick in AMWL's stock price, similar to the post-earnings increase observed in the previous quarter. However, the decrease in revenue year-over-year could temper some of the positive momentum, making the overall impact on the stock price positive but with caution.
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