Streetbeat News

SLQT

SelectQuote, Inc.

https://www.selectquote.com

Industry

Insurance - Brokers

SelectQuote, Inc. operates a technology-enabled, direct-to-consumer distribution platform that sells a range of insurance policies to consumers from various insurance carriers in the United States. The company operates through three segments: Senior; Life; and Auto & Home. It distributes senior health policies, such as medicare advantage, medicare supplement, medicare part D, and other ancillary senior health insurance related policies, including prescription drugs, dental, vision, and hearing plans; term life policies; and non-commercial auto and home property, and casualty policies. The company was incorporated in 1999 and is headquartered in Overland Park, Kansas.

Open

2.63

Mkt cap

491M

Volume

1.2M

High

2.92

P/E Ratio

-10.59

52-wk high

4.46

Low

2.63

Div yield

N/A

52-wk low

1.03

SelectQuote shares declined following the release of disappointing Q4 financial results and FY25 revenue guidance that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 11:50 am

SelectQuote has provided its fiscal year 2025 guidance, expecting revenue between $1.4 billion and $1.5 billion, which is slightly below the estimated $1.53 billion. The company also anticipates a net loss between $42 million and $6 million, and adjusted EBITDA between $90 million and $120 million.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 11:35 am

SelectQuote reported a Q4 2024 GAAP EPS of $(0.18), missing the estimated $(0.15). This indicates a weaker-than-expected financial performance for the quarter.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 11:32 am

SelectQuote reported Q4 sales of $307.208 million, missing the estimated $272.950 million. This discrepancy may impact investor sentiment and stock performance.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 11:31 am

The S&P 500 gained for the fourth consecutive session, driven by tech stocks like Nvidia and Alphabet. Despite the gains, the CNN Money Fear and Greed index remains in the 'Fear' zone. Signet Jewelers reported strong earnings, and investors are awaiting results from SelectQuote and Cheetah Mobile.

Portfolio Pulse from Avi Kapoor

September 13, 2024 | 5:22 am

Several stocks are in focus as U.S. stock futures trade slightly lower. SelectQuote is expected to report a quarterly loss, Adobe reported better-than-expected Q3 earnings but saw a share dip, Cheetah Mobile is set to release earnings, RH reported strong Q2 results, and Oracle projected significant future revenue growth.

Portfolio Pulse from Avi Kapoor

September 13, 2024 | 5:19 am

SelectQuote is expanding its operations by opening a third fulfillment facility in Olathe, Kansas, to accommodate its growing customer base. This new facility will complement its existing ones in Monaca, Pennsylvania, and Indianapolis, Indiana.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 11:36 am

Shares in the financial sector are declining due to weak market conditions, influenced by August's ISM Manufacturing PMI data showing economic contraction.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 6:42 pm

Financial sector stocks are experiencing gains due to positive market sentiment following Fed Chair Powell's comments on the economy and potential future rate cuts.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 5:53 pm

Shares of insurance companies are trading lower amid overall weakness following concerns for recently issued US economic data.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 2:49 pm

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