Selectquote (SLQT) PT Lowered to $5 at Barclays
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SelectQuote (SLQT) Stock Crashes 50% on Poor Results and Slashed Outlook, Several Analysts Downgrade to Neutral
February 8, 2022 5:56 AM ESTShares of SelectQuote (NYSE: SLQT) are down 50% after the company reported extremely disappointing Q2 results and guidance.
SelectQuote reported Q2 EPS of ($0.84) vs $0.59 consensus. Revenue was $195 million vs $457 million consensus.
SelectQuote faced a series of unexpected challenges in our core Senior segment this Medicare Advantage season. Overall parity in Medicare Advantage plan features along with delayed hiring drove considerably lower close rates, which negatively impacted profitability. In addition, we recognized a $145 million downward cohort/tail... More
