eHealth (EHTH) Tops Q1 EPS by 17c, Revenues Beat; Lowers FY20 EPS Guidance, Raises FY20 Revenue Outlook

eHealth (NASDAQ: EHTH) reported Q1 EPS of $0.39, $0.17 better than the analyst estimate of $0.22. Revenue for the quarter came in at $106.4 million versus the consensus estimate of $87.66 million.

Mr. Flanders continued, "Building on our strong momentum of the past two years, and our record performance in 2019, we are pleased to deliver another quarter of outperformance. The fundamentals of our business are strong and we are achieving strong operating metrics across the business by executing on a clear strategy and making targeted investments to drive growth. Our updated 2020 annual guidance reflects our outperformance to-date, but does not include the additional investments we are contemplating and planning for this year\'s Annual Enrollment Period. These will be provided in conjunction with our second quarter results."

GUIDANCE:

eHealth sees FY2020 EPS of $3.41-$3.90, versus the consensus of $3.79. eHealth sees FY2020 revenue of $600-640 million, versus the consensus of $609.12 million.

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