Sharecare Inc Cl A Down 1.86% To $1.05 After Earnings Beat

Sharecare Inc Cl A (SHCR) said before open Thursday that it broke even in quarter three 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.

On the revenue line, the company reported $113.3 million, missing estimates by $303 thousand.

In the same quarter a year ago, the company lost $0.01 per share on revenue of $114.6 million.

The stock is down 1.86% to $1.05 after the report.

Sharecare Inc Cl A's profit margins took a hit as earnings fell at a faster pace than revenues.

The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.

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

Sharecare Inc Cl A has performed a little below average during the past few months. Before the report, Sharecare Inc Cl A received a Long-Term Technical Rank by InvestorsObserver of 25, putting it in the bottom half of stocks. The firm was recently trading at a 52-week low of $0.77 on August 29, 2023 and set a 52-week high on February 3, 2023 at $2.71.

Sharecare Inc is a digital healthcare platform company that helps members consolidate and manage various components of their health in one place, regardless of their health journey. Its platform offers an accessible, interactive, personalized and rewarding environment that aims to transform user engagement with healthcare from episodic to everyday. The platform provides a single destination for people, patients and caregivers to access quality and clinically reviewed content; digitally connect with other patients, community members and healthcare professionals; and adopt action plans provided by healthcare professionals from top institutions.