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 ...
