GoHealth: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
GoHealth (NASDAQ:GOCO) reported its Q3 earnings, beating estimated earnings by 10.0% with an EPS of $-2.61 versus an estimate of $-2.9. However, revenue was down $1.01 million from the same period last year. Last quarter, the company missed on EPS by $0.35, which was followed by a 2.47% increase in the share price the next day.
November 09, 2023 | 11:20 am
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GoHealth's Q3 earnings beat estimates, but revenue was down from last year. Despite missing EPS last quarter, the share price increased the next day.
GoHealth's better-than-expected earnings could boost investor confidence, potentially leading to a short-term increase in stock price. However, the decrease in revenue compared to last year might offset this positive impact. The fact that the share price increased after missing EPS last quarter suggests that the market's reaction to GoHealth's earnings is unpredictable.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100