EHealth (EHTH) Reports Preliminary Results For Q4 And FY18
Zacks Investment Research | Jan 23, 2019 11:51PM ET
eHealth, Inc. (NASDAQ:EHTH) has announced preliminary results for the fourth quarter and 2018. Following optimistic guidance, shares of the company gained about 12.9% in the trading session on Jan 23.
eHealth projects net income between $24.3 million and $27.3 million for the fourth quarter on revenues of $133.5 million to $135.5 million. Adjusted EBITDA is estimated to be in the range of $51.7 million to $52.7 million. The Zacks Consensus Estimate of earnings is pegged at $1.83 per share on revenues of $111.5 million for fourth quarter of 2018. Both the bottom and top line reflect year-over-year increase of 297% and 187%, respectively. Revenues fell shy of the company’s expectations.
For the full year, eHealth raised revenue guidance to a range of $250-$252 million from previous guidance of $217.5-$227.5 million. Net income is expected to be in the range of $(1.5) million to $1.5 million compared with prior guidance of income of $1.6 million to $6.6 million. Adjusted EBITDA is projected to be in the range of $33.5 million to $34.5 million, up from prior guidance of $21.9 million to $26.9 million.
Fourth quarter is considered a primary selling season for the company. In fact, eHealth noted that submitted Medicare applications increased 64% year over year in the fourth quarter while the same increased 39% year over year for 2018.
Shares of eHealth have outperformed the industry in a year. While the stock has surged 174.6%, the the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here .
MGIC Investment provides private mortgage insurance and ancillary services to lenders and government sponsored entities in the United States. The company pulled off positive surprises in three of the last four quarters with average beat of 22.88%. The stock sports a Zacks Rank #1.
NMI Holdings provides private mortgage guaranty insurance services in the United States. The company came up with positive surprises in the last four quarters with average beat of 22.19%. The stock flaunts a Zacks Rank of 1.
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