Online health insurance comparison site eHealth (NASDAQ:EHTH) will be reporting results this Wednesday morning. Here’s what to expect.
eHealth beat analysts’ revenue expectations by 13.4% last quarter, reporting revenues of $113.1 million, up 21.7% year on year. It was an exceptional quarter for the company, with a solid beat of analysts’ EBITDA estimates and full-year EBITDA guidance exceeding analysts’ expectations. It reported 1.16 million users, down 1.8% year on year.
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 29.5% year on year to $46.41 million, a further deceleration from the 1.4% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$1.25 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 13.1% on average.
Looking at eHealth’s peers in the online marketplace segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Shutterstock delivered year-on-year revenue growth of 21.3%, beating analysts’ expectations by 7.5%, and EverQuote reported revenues up 33.7%, in line with consensus estimates. Shutterstock’s stock price was unchanged following the results.
Read our full analysis of Shutterstock’s results here and EverQuote’s results here.
Investors in the online marketplace segment have had steady hands going into earnings, with share prices up 1.5% on average over the last month. eHealth is down 22.5% during the same time and is heading into earnings with an average analyst price target of $10 (compared to the current share price of $3.21).
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