Oscar Health, Inc. (OSCR) closed the most recent trading day at $18.50, moving -2.48% from the previous trading session. This change lagged the S&P 500's daily gain of 0.44%. Elsewhere, the Dow gained 0.14%, while the tech-heavy Nasdaq added 0.7%.
The stock of company has risen by 12.92% in the past month, leading the Finance sector's gain of 3.79% and the S&P 500's gain of 4.03%.
The investment community will be closely monitoring the performance of Oscar Health, Inc. in its forthcoming earnings report. In that report, analysts expect Oscar Health, Inc. to post earnings of -$0.55 per share. This would mark a year-over-year decline of 150%. Our most recent consensus estimate is calling for quarterly revenue of $3.09 billion, up 27.51% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$1.42 per share and revenue of $12.06 billion, indicating changes of -1520% and +31.44%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for Oscar Health, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Oscar Health, Inc. is holding a Zacks Rank of #5 (Strong Sell) right now.
The Insurance - Multi line industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 70, placing it within the top 29% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Oscar Health, Inc. (OSCR): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
