Clover Health Earnings: Can Analysts' High Expectations Be Met?

Clover Health (NASDAQ: CLOV) is set to report its earnings tomorrow after market close, and investors are eager to see how the health insurance company will perform. Last quarter, Clover Health beat analysts' revenue expectations, reporting revenues of $749.2 million, a 62% year-over-year increase. The company added 41,970 customers, bringing its total customer base to 155,773.

This quarter, market analysts are expecting Clover Health's revenue to grow by 52.5% year over year, up from the 34.1% increase in the same quarter last year. Despite some missed estimates in the past two years, analysts covering the company have generally reconfirmed their expectations for this earnings report.

A look at Clover Health's peers in the health insurance providers segment suggests that revenue growth may be more modest than expected. Centene delivered a 9.9% year-over-year increase in revenue, beating estimates by 13.1%, while UnitedHealth reported flat revenue, topping estimates by 1.2%. Both companies' share prices reacted negatively to their results, with Centene down 3.5% and UnitedHealth up only 1.8%.