Zacks: Analysts Expect eHealth, Inc. (NASDAQ:EHTH) to Post $0.12 EPS


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Equities research analysts expect eHealth, Inc. (NASDAQ:EHTH) to post earnings of $0.12 per share for the current quarter, Zacks reports. Five analysts have made estimates for eHealth’s earnings, with the highest EPS estimate coming in at $0.24 and the lowest estimate coming in at $0.03. eHealth reported earnings of $0.39 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 69.2%. The business is expected to announce its next earnings results on Thursday, April 22nd.

According to Zacks, analysts expect that eHealth will report full-year earnings of $2.81 per share for the current financial year, with EPS estimates ranging from $2.22 to $3.17. For the next financial year, analysts forecast that the firm will report earnings of $4.54 per share, with EPS estimates ranging from $2.87 to $5.55. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow eHealth.

eHealth (NASDAQ:EHTH) last released its earnings results on Wednesday, February 17th. The financial services provider reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.06 by $0.26. eHealth had a return on equity of 11.13% and a net margin of 12.59%. The firm had revenue of $293.32 million for the quarter, compared to analysts’ expectations of $292.31 million.

EHTH has been the topic of a number of recent research reports. Royal Bank of Canada cut eHealth from an “outperform” rating to a “sector perform” rating in a research note on Friday, January 29th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $63.00 price target on shares of eHealth in a report on Wednesday, March 31st. SVB Leerink lowered their price target on eHealth from $110.00 to $105.00 and set an “outperform” rating on the stock in a report on Monday, December 14th. Barclays lowered their price target on eHealth from $115.00 to $75.00 and set an “overweight” rating on the stock in a report on Monday, February 1st. Finally, Evercore ISI upped their price target on eHealth from $60.00 to $80.00 and gave the company an “outperform” rating in a report on Monday, March 29th. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $108.79.

Hedge funds have recently bought and sold shares of the business. Eudaimonia Partners LLC bought a new position in shares of eHealth in the third quarter worth about $35,000. Winslow Evans & Crocker Inc. raised its stake in shares of eHealth by 61.0% in the fourth quarter. Winslow Evans & Crocker Inc. now owns 660 shares of the financial services provider’s stock worth $46,000 after buying an additional 250 shares during the period. SOA Wealth Advisors LLC. bought a new position in shares of eHealth in the fourth quarter worth about $58,000. Veriti Management LLC bought a new position in shares of eHealth in the fourth quarter worth about $65,000. Finally, Nisa Investment Advisors LLC raised its stake in shares of eHealth by 18.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,313 shares of the financial services provider’s stock worth $93,000 after buying an additional 200 shares during the period.

Shares of NASDAQ EHTH traded up $0.33 during trading on Friday, reaching $73.66. The company had a trading volume of 336,000 shares, compared to its average volume of 1,301,814. eHealth has a 12-month low of $47.84 and a 12-month high of $137.49. The stock has a market cap of $1.91 billion, a PE ratio of 24.31, a P/E/G ratio of 0.81 and a beta of -0.31. The business’s 50-day moving average is $63.46 and its 200 day moving average is $70.38.

eHealth Company Profile

eHealth, Inc provides private health insurance exchange services to individuals, families, and small businesses in the United States and China. The company operates through two segments, Medicare; and Individual, Family and Small Business. Its ecommerce platforms organize and present health insurance information in various formats that enable individuals, families, and small businesses to research, analyze, compare, and purchase a range of health insurance plans.

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