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eHealth (EHTH) Tops Q4 EPS by $1.70, Guides Well Above Views

February 20, 2020 4:19 PM

eHealth (NASDAQ: EHTH) reported Q4 EPS of $4.13, $1.70 better than the analyst estimate of $2.43. Revenue for the quarter came in at $301.7 million versus the consensus estimate of $234.86 million.

Scott Flanders, chief executive officer of eHealth stated, "We ended the year on a strong note, delivering the best annual enrollment period in the company's history and generating financial results that significantly exceeded our 2019 annual guidance across multiple metrics, including revenue, GAAP net income and adjusted EBITDA. We also significantly increased our Medicare enrollment volumes and the number of major medical Medicare applications submitted online through our platform compared to a year ago - a critical element of our Medicare growth strategy. I would like to emphasize that the high level of enrollment and revenue growth that we achieved in 2019 were accompanied by meaningful adjusted EBITDA and GAAP net income margin expansion compared to 2018. Looking ahead, we anticipate the momentum we have built over the past two years to continue into 2020, and we believe we are well-positioned to continue outpacing the overall Medicare market growth as a result of our strong consumer value proposition, the depth of our technology platform and our demand generation expertise."

GUIDANCE:

eHealth sees FY2020 EPS of $3.56-$4.09, versus the consensus of $3.01. eHealth sees FY2020 revenue of $580-620 million, versus the consensus of $546.02 million.

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

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