Agilon Health Inc Down 23.39% To $12.94 After Earnings Miss

Agilon Health Inc (AGL) said after close Thursday that it lost $0.08 per share in quarter three 2023.

On the revenue line, the company reported $1.2 billion, beating estimates by $76 million.

In the same quarter a year ago, the company lost $0.07 per share on revenue of $694.9 million.

The stock is down 23.39% to $12.94 after the report.

The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.

Wall Street Analysts had an average rating of Strong Buy on the stock prior to the report.

InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.

Prior to the report, InvestorsObserver gave the stock an overall score of 61. Meanwhile, the average Wall Street analyst rated the stock a Strong Buy.

Agilon Health Inc is transforming healthcare by empowering community-based physicians with the resources and expertise they need to innovate the payment and delivery of care for seniors. The company enables physicians to create their own Medicare-centric globally capitated line of business.