Oscar Well being, Inc. (OSCR) got here out with a quarterly lack of $0.22 per share versus the Zacks Consensus Estimate of a lack of $0.20. This compares to lack of $0.29 per share a 12 months in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of -10%. 1 / 4 in the past, it was anticipated that this firm would publish earnings of $0.16 per share when it really produced earnings of $0.20, delivering a shock of 25%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates 3 times.
Oscar Well being
The sustainability of the inventory’s speedy worth motion primarily based on the recently-released numbers and future earnings expectations will principally rely upon administration’s commentary on the earnings name.
Oscar Well being shares have added about 69.9% because the starting of the 12 months versus the S&P 500’s acquire of 24.3%.
What’s Subsequent for Oscar Well being?
Whereas Oscar Well being has outperformed the market up to now this 12 months, the query that involves traders’ minds is: what’s subsequent for the inventory?
There are not any simple solutions to this key query, however one dependable measure that may assist traders tackle that is the corporate’s earnings outlook. Not solely does this embody present consensus earnings expectations for the approaching quarter(s), but additionally how these expectations have modified these days.
Empirical analysis reveals a powerful correlation between near-term inventory actions and developments in earnings estimate revisions. Buyers can observe such revisions by themselves or depend on a tried-and-tested score software just like the Zacks Rank, which has a formidable observe document of harnessing the facility of earnings estimate revisions.
Forward of this earnings release, the estimate revisions pattern for Oscar Well being: combined. Whereas the magnitude and path of estimate revisions may change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #3 (Maintain) for the inventory. So, the shares are anticipated to carry out in keeping with the market within the close to future. You may see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
It is going to be fascinating to see how estimates for the approaching quarters and present fiscal 12 months change within the days forward. The present consensus EPS estimate is -$0.53 on $2.35 billion in revenues for the approaching quarter and $0.01 on $9.04 billion in revenues for the present fiscal 12 months.
Buyers must be conscious of the truth that the outlook for the trade can have a cloth affect on the efficiency of the inventory as effectively. When it comes to the Zacks Business Rank, Insurance coverage – Multi line is at the moment within the high 29% of the 250 plus Zacks industries. Our analysis reveals that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
Assured Warranty (AGO), one other inventory in the identical trade, has but to report outcomes for the quarter ended September 2024. The outcomes are anticipated to be launched on November 11.
This insurance coverage holding firm is anticipated to publish quarterly earnings of $1.42 per share in its upcoming report, which represents a year-over-year change of -58.5%. The consensus EPS estimate for the quarter has remained unchanged over the past 30 days.
Assured Warranty’s revenues are anticipated to be $183.8 million, down 8.6% from the year-ago quarter.
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Free: See Our Top Stock And 4 Runners Up
Oscar Health, Inc. (OSCR) : Free Stock Analysis Report
Assured Guaranty Ltd. (AGO) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.
