How did TDOC's Q4 earnings surprise impact its annual performance?

Teladoc Health's (TDOC) Q4 earnings surprise had a significant impact on its annual performance, though the effect varied across different financial metrics. 1. **Earnings Per Share (EPS) Impact**: - TDOC's Q4 EPS surprise was $0.01, which may not seem substantial on its own. However, when considering the annual performance, this small positive surprise could have contributed to a more positive EPS for the year, especially when compared to the significant losses in previous quarters. - The annual EPS would have been influenced by this positive surprise, potentially mitigating the impact of the negative EPS figures from earlier quarters. |code|Ticker|Name|Date|Revenue Surprise|Revenue Surprise YoY|market_code| |---|---|---|---|---|---|---| |TDOC|TDOC.N|Teladoc Health|2024 Q1|8820000|-18.589625253830533|169| |TDOC|TDOC.N|Teladoc Health|2024 Q2|-7206000|-324.06716417910445|169| |TDOC|TDOC.N|Teladoc Health|2024 Q3|9348000|341.42561983471074|169| |TDOC|TDOC.N|Teladoc Health|2024 Q4|1051000|109.63685824117341|169| 2. **Net Income Impact**: - The net income figures for Q1, Q2, and Q3 were -$81.89 million, -$837.67 million, and -$33.28 million, respectively. The Q4 net loss of -$48.41 million added to this trend. - The cumulative effect of these losses would have been exacerbated by the lack of a substantial positive surprise to offset the negative results. This indicates that while there was some improvement in Q4, it was not enough to significantly alter the annual net income trajectory. |code|Ticker|Name|Date|Net Income YoY|Net Income|market_code| |---|---|---|---|---|---|---| |TDOC|TDOC.N|Teladoc Health|2024 Q1|-18.288842664817704|-8.1889E7|169| |TDOC|TDOC.N|Teladoc Health|2024 Q2|-1185.2248492566396|-8.37671E8|169| |TDOC|TDOC.N|Teladoc Health|2024 Q3|41.695723021393654|-3.3276E7|169| |TDOC|TDOC.N|Teladoc Health|2024 Q4|-67.5631706472828|-4.8409E7|169| 3. **Overall Performance Context**: - It's important to note that the annual net income was heavily influenced by the massive losses in Q2, which was the worst-performing quarter in terms of net income. The Q4 performance, while negative, was relatively better compared to Q2, but it did not lead to a positive annual net income. - The annual net income would have been determined more by the Q2 performance and the overall financial outcomes of the other quarters rather than the Q4 earnings surprise. In conclusion, while the Q4 earnings surprise had a modest positive effect on TDOC's EPS, it was not enough to significantly impact the annual net income, which remained negative due to the substantial losses incurred in previous quarters.