American Well Q1 2024 GAAP EPS $(0.25) Misses $(0.19) Estimate, Sales $59.522M Miss $60.524M Estimate
Portfolio Pulse from Benzinga Newsdesk
American Well (AMWL) reported Q1 2024 GAAP EPS of $(0.25), missing the $(0.19) estimate, with sales of $59.522M also missing the $60.524M estimate, marking a 7.00% decrease from the previous year.
May 01, 2024 | 9:07 pm
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NEGATIVE IMPACT
American Well reported a larger than expected quarterly loss and a slight miss in sales, indicating potential short-term negative impact on its stock price.
Missing both EPS and sales estimates, especially with a significant miss in EPS, typically leads to negative investor sentiment in the short term. The 7% YOY sales decrease further compounds concerns about the company's growth trajectory.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100