Online health insurance comparison site eHealth (NASDAQ:EHTH) reported Q2 CY2024 results exceeding Wall Street analysts' expectations, with revenue down 1.4% year on year to $65.86 million. The company's full-year revenue guidance of $482.5 million at the midpoint also came in 3% above analysts' estimates. It made a GAAP loss of $1.33 per share, down from its loss of $0.84 per share in the same quarter last year.
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Aiming to address a high-stakes and often confusing decision, eHealth (NASDAQ:EHTH) guides consumers through health insurance enrollment and related topics.
Online Marketplace
Marketplaces have existed for centuries. Where once it was a main street in a small town or a mall in the suburbs, sellers benefitted from proximity to one another because they could draw customers by offering convenience and selection. Today, a myriad of online marketplaces fulfill that same role, aggregating large customer bases, which attracts commission-paying sellers, generating flywheel scale effects that feed back into further customer acquisition.
Sales Growth
eHealth's revenue has been declining over the last three years, dropping on average by 6.6% annually. This quarter, eHealth beat analysts' estimates but reported a year on year revenue decline of 1.4%.
Before the earnings results were announced, analysts were projecting revenue to decline -4% over the next 12 months.
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So should you invest in eHealth right now? When making that decision, it's important to consider its valuation, business qualities, as well as what has happened in the latest quarter. We cover that in our actionable full research report which you can read here, it's free.