Waterdrop Inc. American Depositary Shares (each representing the right to receive 10 Class A) Up 4.92% To $1.94 After Earnings

Waterdrop Inc. American Depositary Shares (each representing the right to receive 10 Class A) (WDH) said before open Tuesday that it earned $0.08 per share in quarter three 2022. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods. The company reported $108.6 million in revenue

In the same quarter a year ago, the company lost $0.18 per share on revenue of $120.9 million.

The stock is up 4.92% to $1.94 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 Strong Buy which may get revised based on this new data.

Trading in the five days leading up to the report earned Waterdrop Inc. American Depositary Shares (each representing the right to receive 10 Class A) a Bearish Sentiment Rank from InvestorsObserver.

Waterdrop Inc. American Depositary Shares (each representing the right to receive 10 Class A) has been a strong performer over the past few months, garnering a high Long-Term Technical Rank by InvestorsObserver of 98, putting Waterdrop Inc. American Depositary Shares (each representing the right to receive 10 Class A) in the top 25% of stocks. The firm was recently trading at a 52-week high of $2.15 on December 5, 2022 and set a 52-week low on March 14, 2022 at $0.9.

Waterdrop Inc is a technology platform dedicated to insurance and healthcare service. It is a third-party insurance platform in China in terms of life and health insurance. It generates revenues from the PRC.