EHealth, Inc. Reaffirms Consolidated Earnings Guidance for the Full Year Ending December 31, 2021; Provides Earnings Guidance for the Third Quarter of 2021
July 29, 2021 at 04:18 pm EDT
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eHealth, Inc. reaffirmed consolidated earnings guidance for the full year ending December 31, 2021. The following guidance is for the full year ending December 31, 2021: Total revenue is expected to be in the range of $660.0 million to $700.0 million. GAAP net income is expected to be in the range of $42.0 million to $57.0 million. 2021 net income attributable to common stockholders per diluted share to be in the range of $0.84 to $1.39 per share, reflecting an estimated $0.69 reduction in EPS due to the H.I.G. investment. Previous guidance of GAAP net income per diluted share of $1.53 to $2.08 per share was $0.69 higher as it didn't include any impacts of the H.I.G. investment.
The company expects third quarter revenue to be roughly in line with second quarter.
eHealth, Inc. is an independent licensed insurance agency and advisor. The Company provides a private online health insurance marketplace with a technology and service platform that provides consumer engagement, education, and health insurance enrollment solutions. Its segments include Medicare and Employer and Individual. It markets a large selection of Medicare-related health insurance plans and, to a lesser extent, ancillary products, such as dental and vision insurance and indemnity plans, to its Medicare-eligible consumers. Its Medicare e-commerce platform, which can be accessed through its Websites (www.eHealthMedicare.com, www.PlanPrescriber.com and www.GoMedigap.com), and telephonic enrollment capabilities enable consumers to research, compare and purchase Medicare-related health insurance plans. It markets individual and family health insurance plans (IFP) and small business health insurance plans through its e-commerce platform, which can be accessed through its Websites.
EHealth, Inc. Reaffirms Consolidated Earnings Guidance for the Full Year Ending December 31, 2021; Provides Earnings Guidance for the Third Quarter of 2021