Zacks: Analysts Anticipate eHealth, Inc. (EHTH) Will Post Earnings of $1.84 Per Share

Equities research analysts forecast that eHealth, Inc. (NASDAQ:EHTH) will report earnings of $1.84 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for eHealth’s earnings, with the highest EPS estimate coming in at $1.96 and the lowest estimate coming in at $1.72. eHealth posted earnings of ($0.93) per share during the same quarter last year, which suggests a positive year over year growth rate of 297.8%. The company is expected to report its next quarterly earnings results on Thursday, March 7th.

According to Zacks, analysts expect that eHealth will report full-year earnings of $1.01 per share for the current fiscal year, with EPS estimates ranging from $0.75 to $1.28. For the next financial year, analysts expect that the business will report earnings of $1.46 per share, with EPS estimates ranging from $1.23 to $1.91. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for eHealth.

eHealth (NASDAQ:EHTH) last posted its quarterly earnings data on Thursday, October 25th. The financial services provider reported ($0.22) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.36) by $0.14. The firm had revenue of $40.75 million during the quarter, compared to analysts’ expectations of $34.10 million. eHealth had a negative net margin of 30.13% and a negative return on equity of 17.79%.

A number of research firms recently weighed in on EHTH. BidaskClub raised shares of eHealth from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 16th. Zacks Investment Research raised shares of eHealth from a “hold” rating to a “strong-buy” rating and set a $38.00 price objective for the company in a research report on Wednesday, October 31st. ValuEngine lowered shares of eHealth from a “buy” rating to a “hold” rating in a report on Tuesday, September 4th. Cantor Fitzgerald increased their target price on shares of eHealth to $39.00 and gave the stock an “overweight” rating in a report on Monday, October 8th. Finally, Chardan Capital initiated coverage on shares of eHealth in a report on Thursday, August 16th. They set a “buy” rating and a $40.00 target price on the stock. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $36.25.

A number of institutional investors have recently added to or reduced their stakes in EHTH. NJ State Employees Deferred Compensation Plan raised its holdings in shares of eHealth by 34.8% in the 3rd quarter. NJ State Employees Deferred Compensation Plan now owns 31,000 shares of the financial services provider’s stock valued at $876,000 after purchasing an additional 8,000 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of eHealth by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 125,608 shares of the financial services provider’s stock valued at $1,797,000 after purchasing an additional 2,981 shares in the last quarter. Redmile Group LLC raised its holdings in shares of eHealth by 3.6% in the 2nd quarter. Redmile Group LLC now owns 1,377,895 shares of the financial services provider’s stock valued at $30,451,000 after purchasing an additional 47,400 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in shares of eHealth in the 2nd quarter valued at $343,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of eHealth in the 2nd quarter valued at $906,000. Institutional investors own 91.18% of the company’s stock.

NASDAQ:EHTH opened at $35.54 on Tuesday. eHealth has a fifty-two week low of $13.61 and a fifty-two week high of $36.57.

About eHealth

eHealth, Inc provides private online 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 e-commerce 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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