Online health insurance comparison site eHealth (NASDAQ:EHTH) will be announcing earnings results tomorrow before market open. Here’s what investors should know.
eHealth beat analysts’ revenue expectations by 20.9% last quarter, reporting revenues of $65.86 million, down 1.4% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ EBITDA estimates and full-year revenue guidance beating analysts’ expectations.
Is eHealth a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting eHealth’s revenue to decline 9.1% year on year to $58.86 million, a reversal from the 21.2% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$1.19 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. eHealth has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 13.4% on average.
Looking at eHealth’s peers in the online marketplace segment, some have already reported their Q3 results, giving us a hint as to what we can expect. EverQuote delivered year-on-year revenue growth of 163%, beating analysts’ expectations by 3%, and Shutterstock reported revenues up 7.4%, topping estimates by 4.1%. Shutterstock’s stock price was unchanged following the results.
Read our full analysis of EverQuote’s results here and Shutterstock’s results here.
There has been positive sentiment among investors in the online marketplace segment, with share prices up 6.3% on average over the last month. eHealth is up 13.1% during the same time and is heading into earnings with an average analyst price target of $6.67 (compared to the current share price of $5).
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