Stock Story -
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 MarketplaceMarketplaces 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 GrowtheHealth'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.
![eHealth's (NASDAQ:EHTH) Q2 Sales Top Estimates, Full-Year Sales Guidance Is Optimistic](https://d68-invdn-com.investing.com/content/pic2bef32aca66cfdf4c1e234a0cfecf92a.jpeg)