eHealth (EHTH) Misses Q3 EPS by 15c

October 27, 2016 4:18 PM EDT

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eHealth (NASDAQ: EHTH) reported Q3 EPS of ($0.20), $0.15 worse than the analyst estimate of ($0.05). Revenue for the quarter came in at $32.1 million versus the consensus estimate of $36.02 million.

“We are not satisfied with our third quarter financial results, which reflected declines in our individual and family plan ("IFP") business and an unexpected pause in the rapid growth of our Medicare-related business. In Medicare, year-over-year commissions were flat because of a change in how the Company is paid for certain enrollments that occur outside of the Annual Enrollment period, and submissions growth decelerated as the Company adjusted sales and marketing processes to comply with regulations recently implemented by the Center for Medicare and Medicaid Services ("CMS"). While the impact of these events was disappointing, we believe that we have now addressed these challenges and implemented a number of additional initiatives in time for the critical Annual Enrollment Period,” Flanders continued.

For earnings history and earnings-related data on eHealth (EHTH) click here.

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