Digital medical services platform Teladoc Health (NYSE:TDOC) will be announcing earnings results tomorrow after market hours. Here’s what investors should know.
Teladoc missed analysts’ revenue expectations by 1.1% last quarter, reporting revenues of $642.4 million, down 1.5% year on year. It was a weaker quarter for the company, with slow revenue growth. It reported 92.4 million users, up 7.6% year on year.
Is Teladoc a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Teladoc’s revenue to decline 4.3% year on year to $631.9 million, a reversal from the 8% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.32 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Teladoc has missed Wall Street’s revenue estimates three times over the last two years.
Looking at Teladoc’s peers in the consumer internet segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Netflix delivered year-on-year revenue growth of 15%, meeting analysts’ expectations, and Coursera reported revenues up 6.4%, topping estimates by 1.2%. Netflix traded up 11.1% following the results while Coursera was down 9.7%.
Read our full analysis of Netflix’s results here and Coursera’s results here.
Investors in the consumer internet segment have had steady hands going into earnings, with share prices up 1.9% on average over the last month. Teladoc’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $10.05 (compared to the current share price of $9.16).
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