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Sharecare Inc Cl A Up 21.52% To $1.84 After Earnings Beat

Wednesday, August 10, 2022 03:25 PM | InvestorsObserver Analysts

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Sharecare Inc Cl A Up 21.52% To $1.84 After Earnings Beat

Sharecare Inc Cl A (SHCR) said before open Wednesday that it lost $0.02 per share in quarter two 2022. 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 $103.8 million, beating estimates by $893 thousand.

In the same quarter a year ago, the company lost $8.77 per share on revenue of $98.5 million.

The stock is up 21.52% to $1.84 after the report.

The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

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

Trading in the five days leading up to the report earned Sharecare Inc Cl A a Bearish Sentiment Rank from InvestorsObserver.

Prior to the report, InvestorsObserver gave the stock an overall score of 34. Meanwhile, the average Wall Street analyst rated the stock a Hold.

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.

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