Piper Sandler Maintains Overweight on American Well, Lowers Price Target to $5
Piper Sandler analyst Jessica Tassan maintains American Well (NYSE:AMWL) with a Overweight and lowers the price target from $6 to $5.
Why American Well Shares Are Rising Today
American Well Corp (NYSE: AMWL) shares are trading higher Thursday following reports that Amazon.com Inc (NASDAQ: AMZN) plans to shut down its telehealth business, Amazon Care.
American Well’s Return On Capital Employed Overview
According to Benzinga Pro data, during Q2, American Well (NYSE:AMWL) posted sales of $64.52 million. Earnings were up 0.86%, but American Well still reported an overall loss of $69.65 million.
Earnings Scheduled For August 4, 2022
Companies Reporting Before The Bell
• Toyota Motor (NYSE:TM) is projected to report earnings for its first quarter.
Piper Sandler Maintains Overweight on American Well, Raises Price Target to $6
Piper Sandler analyst Sean Wieland maintains American Well (NYSE:AMWL) with a Overweight and raises the price target from $5 to $6.
American Well’s Return On Capital Employed Insights
Benzinga Pro data, American Well (NYSE:AMWL) reported Q1 sales of $64.23 million. Earnings fell to a loss of $70.25 million, resulting in a 46.64% decrease from last quarter.
Stocks That Hit 52-Week Lows On Wednesday
On Wednesday, 807 companies reached new 52-week lows.
American Well Q1 Net Loss $70.3M vs Loss $39.8M In Same Qtr. Last Year, Sales $64.20M Miss $64.94M Estimate
American Well (NYSE:AMWL) reported quarterly sales of $64.20 million which missed the analyst consensus estimate of $64.94 million by 1.14 percent. This is a 11.46 percent increase over sales of $57.60 million the same
Earnings Scheduled For May 9, 2022
Companies Reporting Before The Bell
• Atlantica Sustainable (NASDAQ:AY) is likely to report quarterly loss at $0.08 per share on revenue of $277.90 million.
Earnings Preview: American Well
American Well (NYSE:AMWL) is set to give its latest quarterly earnings report on Monday, 2022-05-09. Here's what investors need to know before the announcement.
Analysts estimate that American Well will report an earnings per share (EPS) of $-0.23.