Oscar Health (NYSE:OSCR) Announces Earnings Results, Beats Expectations By $0.34 EPS

Oscar Health (NYSE:OSCR) posted its earnings results on Tuesday. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.34, Briefing.com reports. The business had revenue of $2.14 billion for the quarter, compared to analyst estimates of $1.99 billion. Oscar Health had a negative net margin of 4.62% and a negative return on equity of 29.99%. Oscar Health’s revenue was up 45.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.18) EPS.

Oscar Health Trading Up 1.4 %

Shares of OSCR stock opened at $21.02 on Thursday. The stock has a market capitalization of $4.83 billion, a PE ratio of -17.29 and a beta of 1.66. Oscar Health has a 1-year low of $4.72 and a 1-year high of $21.02. The business has a 50-day moving average of $15.50 and a 200 day moving average of $12.02. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.19 and a quick ratio of 1.19.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. TheStreet raised shares of Oscar Health from a “d” rating to a “c-” rating in a report on Wednesday, February 21st. Wells Fargo & Company raised their price target on Oscar Health from $12.00 to $20.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. Raymond James initiated coverage on Oscar Health in a report on Friday, March 22nd. They issued an “outperform” rating and a $20.00 price objective for the company. Finally, The Goldman Sachs Group boosted their target price on Oscar Health from $16.00 to $21.00 and gave the stock a “neutral” rating in a research report on Thursday. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Oscar Health presently has an average rating of “Moderate Buy” and an average target price of $14.33.

Oscar Health Company Profile

Oscar Health, Inc operates as a health insurance in the United States. The company offers health plans in individual and small group markets, as well as +Oscar, a technology driven platform that help providers and payors directly enable their shift to value-based care. It also provides reinsurance products.