Benefitfocus (BNFT) Tops Q4 EPS by 13c

March 8, 2021 4:10 PM EST

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Benefitfocus (NASDAQ: BNFT) reported Q4 EPS of $0.18, $0.13 better than the analyst estimate of $0.05. Revenue for the quarter came in at $76.2 million versus the consensus estimate of $74.83 million.

“Benefitfocus continues to execute on its strategies to drive industry leadership and accelerate growth,” said Steve Swad, president and chief executive officer of Benefitfocus. “The investments we made in operational excellence, automation and enhanced customer interactions resulted in our best open enrollment yet.” Swad added, “To drive future growth, we are focused on simplifying the enrollment of benefits, improving our customers’ engagement with their benefits, and using data to personalize our offerings and create products that lower health care costs. I am confident we have the right strategy, the right assets and are building the right leadership team to unlock substantial shareholder value.”

“For the fourth quarter and full year, we delivered record EBITDA and free cash flow, moving us further towards our goal to become the most efficient and best-performing company in our industry,” said Alpana Wegner, chief financial officer of Benefitfocus. “I am pleased with the strong foundation we have established to deliver increased profitability and free cash flow, and remain focused on driving continued operating leverage in the business.”

GUIDANCE:

Benefitfocus sees Q1 2021 EPS of ($0.16)-($0.10), versus the consensus of ($0.12). Benefitfocus sees Q1 2021 revenue of $59-61 million, versus the consensus of $64 million.

Benefitfocus sees FY2021 revenue of $254-260 million, versus the consensus of $276.75 million.

For earnings history and earnings-related data on Benefitfocus (BNFT) click here.



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