Earnings Preview: MultiPlan

MultiPlan (NYSE:MPLN) is preparing to release its quarterly earnings on Tuesday, 2024-11-05. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect MultiPlan to report an earnings per share (EPS) of $-13.71.

The announcement from MultiPlan is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.

It's worth noting for new investors that guidance can be a key determinant of stock price movements.

Historical Earnings Performance

In the previous earnings release, the company beat EPS by $1.20, leading to a 4.86% drop in the share price the following trading session.

Here's a look at MultiPlan's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

-2.4

-2

-2

-2.4

EPS Actual

-1.2

-1.2

-2

-1.6

Price Change %

-5.0%

19.0%

-1.0%

0.0%

Performance of MultiPlan Shares

Shares of MultiPlan were trading at $9.16 as of November 01. Over the last 52-week period, shares are down 84.95%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.

Analyst Insights on MultiPlan

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on MultiPlan.

With 2 analyst ratings, MultiPlan has a consensus rating of Neutral. The average one-year price target is $5.5, indicating a potential 39.96% downside.

Comparing Ratings with Competitors

The following analysis focuses on the analyst ...