SelectQuote, Inc. (NYSE: SLQT) reported Q2 EPS of $0.55, $0.11 better than the analyst estimate of $0.44. Revenue for the quarter came in at $358.3 million versus the consensus estimate of $316.49 million.

Chief Executive Officer Tim Danker commented, “Our Second Quarter results again demonstrated our strong growth potential, exceeding our internal expectations. The quarter was led by a strong AEP, where our Medicare Advantage approved policies grew by 132% year-over-year. We continue to show our differentiated model delivers superior financial results driven by a 32% increase in average agent productivity despite adding 70% more agents. We continue to excel in a fast-growing industry, and we’re pleased that our results continue to validate our strategy.”

Chief Financial Officer Raffaele Sadun added, “With Senior revenue growth of 127% year-over-year, this was the fourth consecutive quarter of Senior revenue growth in excess of 100%. This is especially impressive given all of our hiring, onboarding, training, and licensing was done virtually. We continue to deliver industry leading and stable LTVs, which demonstrates the soundness of our strategy. As a result of our strong results during AEP, we are raising our fiscal year 2021 guidance for the third time this year.”

GUIDANCE:

SelectQuote, Inc. sees FY2021 revenue of $920-940 million, versus the consensus of $866.69 million.

SelectQuote is raising the guidance originally provided for the full-year ending June 30, 2021. As a reminder, these expectations are forward-looking statements and actual results may be materially different and are affected by the risk factors and uncertainties identified in this press release and in our annual and quarterly filings with the Securities and Exchange Commission.

SelectQuote is raising guidance for the full-year ending June 30, 2021 as follows:

• Consolidated Revenue is expected to be in the range of $920 million to $940 million
• Consolidated Net Income is expected to be in the range of $138 million to $146 million
• Consolidated Adjusted EBITDA is expected to be in the range of $230 million to $240 million*

For earnings history and earnings-related data on SelectQuote, Inc. (SLQT) click here.