eHealth Earnings: Here’s Why Investors are Excited Now
eHealth, Inc. (NASDAQ:EHTH) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
eHealth, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 70% to $0.17 in the quarter versus EPS of $0.10 in the year-earlier quarter.
Revenue: Rose 16.53% to $43.21 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: eHealth, Inc. reported adjusted EPS income of $0.17 per share. By that measure, the company beat the mean analyst estimate of $0.1. It beat the average revenue estimate of $41.54 million.
Quoting Management: Gary Lauer, chief executive officer of eHealth, stated, “We are pleased with our first quarter performance highlighted by revenue growth of 17%, the second consecutive quarter of commission revenue growth in our Individual & Family plan business, and meaningful Medicare business revenue contribution.”
Key Stats (on next page)…