Clover Health Investments's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Clover Health Investments (NASDAQ:CLOV) is scheduled to release its quarterly earnings report on Tuesday, 2024-03-12, with an expected EPS of $-0.14. Investors are hopeful for a beat on this estimate and positive future guidance. Historical data shows mixed reactions to past earnings reports, with the last quarter's beat resulting in an 18.19% drop in share price.
March 11, 2024 | 2:01 pm
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NEUTRAL IMPACT
Clover Health Investments is expected to report an EPS of $-0.14 in its upcoming earnings, with investors keen on both the results and future guidance.
The anticipation of Clover Health's earnings report and its potential to beat the EPS estimate could influence investor sentiment. However, historical performance indicates that even beating the EPS estimate does not guarantee a positive stock price movement, as seen in the last quarter with an 18.19% drop. Therefore, the short-term impact is considered neutral until the actual earnings and guidance are revealed.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100