What's In Store For Teladoc (TDOC) This Earnings Season?
Zacks Investment Research | May 04, 2017 10:21PM ET
Teladoc Inc. (NYSE:TDOC) is scheduled to report first-quarter 2017 results on May 8, after market close.
Last quarter, Teladoc beat the Zacks Consensus Estimate by 11.43%. Let’s see how things are shaping up for this announcement.
Q1 Flash Back
Teldoc’s first-quarter earnings are likely to demonstrate significant growth in its business driven by its premier consumer engagement capabilities, broad network and scalable platform. We also expect to see increased use of its services, which must have propelled visits causing considerable membership growth. Also, the acquisition of HealthiestYou closed in 2016 is expected to result in higher visits and call volume.
All these are expected to result in top-line growth in the first quarter. However, the bottom line will see a drain from huge expenses on higher advertising, sales, technology and development, general and administrative functions, and depreciation and amortization. The company is in its growth phase and incurring heavy expenditure in the form of substantial investments made to acquire new clients, build its proprietary network of healthcare providers and develop its technology platform. We, however, expect the expenditures to reduce as the company has started to realize leverage from the scale of its operations.
For the first quarter of 2017, the company projects total revenue between $41.5 million and $42.5 million, EBITDA loss between $14 million and $15 million and adjusted EBITDA loss between $10 million and $11 million. The loss might stem from the seasonal impact of higher on-boarding expenses from millions of new members, total membership of approximately 20 million to 20.5 million, total visits between 375,000 and 385,000 and net loss per share based on 52.1 million weighted average shares outstanding of 33 cents to 34 cents.
Teladoc, Inc. Price and EPS Surprise
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