American Well (AMWL) to Release Quarterly Earnings on Wednesday

American Well (NYSE:AMWL) will be announcing its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of ($0.18) per share for the quarter. American Well has set its FY 2025 guidance at EPS and its FY 2024 guidance at EPS.Parties that wish to listen to the company’s conference call can do so using this link.

American Well (NYSE:AMWL) last announced its quarterly earnings results on Wednesday, February 14th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.02. The firm had revenue of $70.68 million for the quarter, compared to the consensus estimate of $70.16 million. American Well had a negative net margin of 260.63% and a negative return on equity of 40.19%. The business’s quarterly revenue was down 10.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.22) EPS. On average, analysts expect American Well to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

American Well Stock Down 1.9 %

Shares of NYSE AMWL opened at $0.54 on Wednesday. The firm’s 50-day moving average price is $0.88 and its 200-day moving average price is $1.09. The company has a market cap of $156.66 million, a PE ratio of -0.23 and a beta of 1.00. American Well has a 52-week low of $0.50 and a 52-week high of $2.74.

Insiders Place Their Bets

In other American Well news, insider Kathy Johnson Weiler sold 283,192 shares of American Well stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $1.09, for a total transaction of $308,679.28. Following the completion of the transaction, the insider now directly owns 3,975,617 shares of the company’s stock, valued at $4,333,422.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other American Well news, COO Kurt Knight sold 283,079 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $1.09, for a total transaction of $308,556.11. Following the completion of the sale, the chief operating officer now directly owns 3,114,004 shares of the company’s stock, valued at $3,394,264.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Kathy Johnson Weiler sold 283,192 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $1.09, for a total transaction of $308,679.28. Following the completion of the transaction, the insider now directly owns 3,975,617 shares of the company’s stock, valued at $4,333,422.53. The disclosure for this sale can be found here. Insiders sold 1,169,038 shares of company stock valued at $1,267,410 over the last three months. 12.94% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, Morgan Stanley cut their target price on shares of American Well from $1.75 to $1.00 and set an “equal weight” rating for the company in a report on Monday, April 15th.

About American Well

American Well Corporation, an enterprise platform and software company, delivers digitally enabling hybrid care in the United States and internationally. The company offers Converge, a cloud-based platform that enables health providers, payers, and innovators to provide in-person, virtual and automated care; and delivers virtual primary care, post-discharge follow-up, chronic condition management, virtual nursing, e-sitting, on-demand and scheduled virtual visits, specialty consults, automated care, and behavioral health, as well as specialty care programs, including dermatology, musculoskeletal care, second opinion, and cardiometabolic care to patients and members.