Clover Health Investments (CLOV) to Release Earnings on Wednesday

Clover Health Investments (NASDAQ:CLOV) is set to release its earnings data after the market closes on Wednesday, November 6th. Analysts expect Clover Health Investments to post earnings of ($0.03) per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Clover Health Investments (NASDAQ:CLOV) last posted its earnings results on Monday, August 5th. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.05. The firm had revenue of $356.26 million for the quarter, compared to analysts’ expectations of $338.70 million. Clover Health Investments had a negative net margin of 7.30% and a negative return on equity of 36.55%. During the same quarter in the previous year, the firm posted ($0.06) earnings per share. On average, analysts expect Clover Health Investments to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Clover Health Investments Stock Up 0.7 %

NASDAQ CLOV opened at $4.05 on Wednesday. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of -11.91 and a beta of 2.13. Clover Health Investments has a twelve month low of $0.61 and a twelve month high of $4.71. The stock has a fifty day simple moving average of $3.33 and a 200 day simple moving average of $2.00.

Wall Street Analysts Forecast Growth

Separately, UBS Group started coverage on Clover Health Investments in a report on Monday, October 7th. They set a “neutral” rating and a $4.00 price target for the company.

About Clover Health Investments

Clover Health Investments, Corp. provides medicare advantage plans in the United States. It operates through two segments: Insurance and Non-Insurance. It also offers Clover Assistant, a cloud-based software platform, that enables physicians to detect, identify, and manage chronic diseases earlier; and access to data-driven and personalized insights for the patients they treat.