eHealth Stock Rises 45% in a Week: Medicare Boom or AEP Magic?

Zacks2024-12-24

Shares of eHealth, Inc. EHTH, an online health insurance marketplace operator, soared 45.1% last week after the company raised its 2024 guidance, citing robust performance during the Annual Enrollment...

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It witnessed substantial growth in Medicare applications and a record-high number of unassisted online submissions.eHealth exceeded expectations in telephonic and online conversion rates and leveraged strong consumer demand for its omnichannel platform. The platform connects users to more than 180 health insurers, encompassing both national and regional providers.Now, let’s focus on its revised guidance.Adjusted EBITDA is now expected to be significantly higher, ranging within $40-$55 million compared with the earlier forecast of $7.5-$25 million. The company has also revised its GAAP net income expectations to a range of a $12 million loss to a $3 million profit, an improvement from the previous estimate of a $22-$36.5 million loss.The Zacks Consensus Estimate for CNO Financial’s","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0205194284.USD":"SCHRODER ISF US SMALL & MID-CAP EQUITY \"A\" (USD) INC AV","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","AEP":"美国电力","BRO":"布朗保险经纪","LU0240878834.USD":"SCHRODER ISF GLOBAL SMALL COMPANIES \"A\" (USD) INC AV","LU1894683264.USD":"AMUNDI FUNDS US EQUITY RESEARCH VALUE \"A2\" (USD) ACC","BK4173":"保险经纪商","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","IE00BKPKM429.USD":"NEUBERGER BERMAN GLOBAL SUSTAINABLE EQUITY \"A\" (USD) ACC","BK4107":"财产与意外伤害保险","IE00B29SXL02.USD":"FIRST SENTIER GLOBAL LISTED INFRASTRUCTURE \"I\" (USD) INC","LU1894683348.USD":"AMUNDI FUNDS US EQUITY RESEARCH VALUE \"A2\" (USD) INC","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","CNO":"康塞科","BK4585":"ETF&股票定投概念","BK4162":"人寿与健康保险","LU0205193047.USD":"SCHRODER ISF US SMALL & MID-CAP EQUITY \"A\" (USD)  ACC","AIZ":"安信龙保险","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","BK4081":"电力公用事业","LU0240877869.USD":"SCHRODER ISF GLOBAL SMALL COMPANIES \"A\" ACC","BK4597":"股息贵族","BK4588":"碎股","EHTH":"易康","LU2108987350.USD":"UBS (LUX) EQUITY SICAV GLOBAL OPPORTUNITY SUSTAINABLE (USD) \"P\" (USD) ACC","IE00B29SXK94.USD":"FIRST SENTIER GLOBAL LISTED INFRASTRUCTURE \"I\" (USD) ACC","BK4117":"多元化保险"},"translate_title":"电子健康股票一周内上涨45%：医疗保险繁荣还是AEP魔术？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AIZ":1,"AEP":1,"BRO":1,"CNO":1,"EHTH":1},"content_text":"Shares of eHealth, Inc. EHTH, an online health insurance marketplace operator, soared 45.1% last week after the company raised its 2024 guidance, citing robust performance during the Annual Enrollment Period (AEP). It witnessed substantial growth in Medicare applications and a record-high number of unassisted online submissions.\neHealth exceeded expectations in telephonic and online conversion rates and leveraged strong consumer demand for its omnichannel platform. The platform connects users to more than 180 health insurers, encompassing both national and regional providers.\n\neHealth, Inc. Price\n  \neHealth, Inc. price | eHealth, Inc. Quote\n\nNow, let’s focus on its revised guidance.\nTotal revenue for 2024 is projected to be in the range of $500-$520 million compared with the prior range of $470-$495 million. This surpasses the Zacks Consensus Estimate of $487.3 million and reflects growth from the 2023 figure of $452.9 million.\nAdjusted EBITDA is now expected to be significantly higher, ranging within $40-$55 million compared with the earlier forecast of $7.5-$25 million. The company has also revised its GAAP net income expectations to a range of a $12 million loss to a $3 million profit, an improvement from the previous estimate of a $22-$36.5 million loss.\nOperating cash outflow is now expected to fall within $5-$15 million in 2024, slightly higher than the previous guidance of $0 to $10 million. This reflects planned investments to support profitable Medicare enrollment growth in the fourth quarter.\nThe Zacks Consensus Estimate for 2024 loss per share is pegged at $1.56, indicating a 4.3% improvement from a year ago. The company missed earnings estimates in each of the past four quarters with an average negative surprise of 59.4%. This is depicted in the graph below.\n\neHealth, Inc. Price and EPS Surprise\n  \neHealth, Inc. price-eps-surprise | eHealth, Inc. Quote\n\nZacks Rank & Key Picks\neHealth currently has a Zacks Rank #3 (Hold).\nSome better-ranked stocks in the broader Finance space are Brown & Brown, Inc. BRO, Assurant, Inc. AIZ and CNO Financial Group, Inc. CNO, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.\nThe Zacks Consensus Estimate for Brown & Brown’s 2024 earnings is pegged at $3.74 per share, indicating 33.1% year-over-year growth. Over the past 60 days, BRO has witnessed one upward estimate revision against none in the opposite direction.\nThe Zacks Consensus Estimate for Assurant’s 2024 earnings is pegged at $15.38 per share, which witnessed three upward estimate revisions in the past 60 days against one opposite movement. Also, the consensus mark for AIZ’s revenues in 2024 suggests a 6% year-over-year rise.\nThe Zacks Consensus Estimate for CNO Financial’s 2024 bottom line indicates 20.7% year-over-year growth. Over the past 60 days, CNO has witnessed three upward estimate revisions against none in the opposite direction.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nCNO Financial Group, Inc. (CNO) : Free Stock Analysis Report\nAssurant, Inc. (AIZ) : Free Stock Analysis Report\nBrown & Brown, Inc. (BRO) : Free Stock Analysis Report\neHealth, Inc. (EHTH) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.0","shortVersion":"4.30.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2494036140"}