Teladoc (TDOC) Reports Earnings Tomorrow: What To Expect

StockStory
04-29
Teladoc (TDOC) Reports Earnings Tomorrow: What To Expect

Digital medical services platform Teladoc Health (NYSE:TDOC) will be announcing earnings results tomorrow after market close. Here’s what to expect.

Teladoc met analysts’ revenue expectations last quarter, reporting revenues of $640.5 million, down 3% year on year. It was a softer quarter for the company, with full-year EBITDA guidance missing analysts’ expectations. It reported 93.8 million users, up 4.7% year on year.

Is Teladoc a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Teladoc’s revenue to decline 4.2% year on year to $618.9 million, a reversal from the 2.7% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.36 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Teladoc has missed Wall Street’s revenue estimates six times over the last two years.

Looking at Teladoc’s peers in the consumer internet segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Alphabet delivered year-on-year revenue growth of 12%, beating analysts’ expectations by 1.2%, and Coursera reported revenues up 6.1%, topping estimates by 2.3%. Alphabet traded up 1.8% following the results, while Coursera was also up 14.1%.

Read our full analysis of Alphabet’s results here and Coursera’s results here.

There has been positive sentiment among investors in the consumer internet segment, with share prices up 2.5% on average over the last month. Teladoc is down 10.3% during the same time and is heading into earnings with an average analyst price target of $10.21 (compared to the current share price of $7.14).

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