eHealth Q1 2024 GAAP EPS $(0.96) Misses $(0.71) Estimate, Sales $92.967M Beat $80.610M Estimate
Portfolio Pulse from Benzinga Newsdesk
eHealth (NASDAQ:EHTH) reported Q1 2024 adjusted EPS of $(0.96), missing the $(0.62) estimate, with sales of $92.967M exceeding the $80.610M estimate. This represents a significant increase over the $73.723M sales from the same period last year.
May 07, 2024 | 11:51 am
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NEUTRAL IMPACT
eHealth reported a Q1 2024 adjusted EPS of $(0.96), missing estimates, but exceeded sales expectations with $92.967M, showing significant growth from last year.
While eHealth missed EPS estimates significantly, the substantial sales beat and year-over-year growth could mitigate negative investor sentiment. The mixed results present a neutral short-term outlook as the sales growth may offset concerns over the earnings miss.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100