GoHealth to Announce Fourth Quarter 2024 Results on February 27, 2025
Generado por agente de IAMarcus Lee
jueves, 13 de febrero de 2025, 4:42 pm ET2 min de lectura
GOCO--
GoHealth, Inc. (NASDAQ: GOCO), a leading health insurance marketplace and Medicare-focused digital health company, is set to release its fourth quarter 2024 financial results on the morning of February 27, 2025. The company will host a conference call and live audio webcast at 8:00 a.m. ET to discuss the results with CEO Vijay Kotte and CFO Brendan Shanahan. Investors can access the webcast through GoHealth's Investor Relations website, with a replay available on-demand after the call's completion.
GoHealth's fourth quarter 2024 earnings call comes on the heels of a strong third quarter performance, with net revenues of $118.3 million, a $13.7 million decrease compared to the prior year period. However, the company also reported a net income of $15.4 million, an improvement of $71.6 million compared to the prior year period. Additionally, GoHealth's TTM positive cash flow from operations increased by $38.3 million compared to the prior year period.
The upcoming earnings call is expected to provide insights into GoHealth's financial performance for the fourth quarter of 2024, as well as the company's outlook for the future. Analysts will be closely watching the results, as the average price target for GoHealth is $13.00, which is -27.58% lower than the current price. The consensus rating is "Hold," indicating that analysts have a generally positive outlook on the company's prospects.
GoHealth's strategic acquisition of e-TeleQuote Insurance, Inc. in September 2024 has had a significant positive impact on its financial performance and market position. The acquisition added approximately $90.5 million in contract assets and $22.5 million in cash to GoHealth's balance sheet, and the company recorded a $77.4 million gain on bargain purchase. This acquisition has strengthened GoHealth's market leadership and operational capacity, allowing it to better serve its Medicare consumers and drive increased efficiency and effectiveness in choosing the right Medicare plan for them.

In terms of market position, the acquisition of e-TeleQuote has allowed GoHealth to expand its market leadership and operational capacity, enabling it to better serve its Medicare consumers and meet their evolving needs. The combination of GoHealth's scale, proprietary technology, and operational excellence with e-TeleQuote's established talent and high-quality track record has created a mutually accretive relationship that is poised to drive better outcomes for and meet the evolving needs of Medicare consumers.
Overall, the strategic acquisition of e-TeleQuote has reinforced GoHealth's commitment to a consumer-first approach and has allowed the company to better serve its Medicare consumers while driving increased efficiency and effectiveness in the enrollment process. The expected synergies from this acquisition include improved financial performance, expanded market leadership, and enhanced operational capacity, all of which will contribute to GoHealth's continued growth and success.
As GoHealth continues to grow and expand its market leadership, investors will be looking for signs of continued financial strength and strategic progress. The upcoming earnings call is an opportunity for the company to demonstrate its commitment to delivering value to shareholders and maintaining its position as a leading health insurance marketplace and Medicare-focused digital health company.
GoHealth, Inc. (NASDAQ: GOCO), a leading health insurance marketplace and Medicare-focused digital health company, is set to release its fourth quarter 2024 financial results on the morning of February 27, 2025. The company will host a conference call and live audio webcast at 8:00 a.m. ET to discuss the results with CEO Vijay Kotte and CFO Brendan Shanahan. Investors can access the webcast through GoHealth's Investor Relations website, with a replay available on-demand after the call's completion.
GoHealth's fourth quarter 2024 earnings call comes on the heels of a strong third quarter performance, with net revenues of $118.3 million, a $13.7 million decrease compared to the prior year period. However, the company also reported a net income of $15.4 million, an improvement of $71.6 million compared to the prior year period. Additionally, GoHealth's TTM positive cash flow from operations increased by $38.3 million compared to the prior year period.
The upcoming earnings call is expected to provide insights into GoHealth's financial performance for the fourth quarter of 2024, as well as the company's outlook for the future. Analysts will be closely watching the results, as the average price target for GoHealth is $13.00, which is -27.58% lower than the current price. The consensus rating is "Hold," indicating that analysts have a generally positive outlook on the company's prospects.
GoHealth's strategic acquisition of e-TeleQuote Insurance, Inc. in September 2024 has had a significant positive impact on its financial performance and market position. The acquisition added approximately $90.5 million in contract assets and $22.5 million in cash to GoHealth's balance sheet, and the company recorded a $77.4 million gain on bargain purchase. This acquisition has strengthened GoHealth's market leadership and operational capacity, allowing it to better serve its Medicare consumers and drive increased efficiency and effectiveness in choosing the right Medicare plan for them.

In terms of market position, the acquisition of e-TeleQuote has allowed GoHealth to expand its market leadership and operational capacity, enabling it to better serve its Medicare consumers and meet their evolving needs. The combination of GoHealth's scale, proprietary technology, and operational excellence with e-TeleQuote's established talent and high-quality track record has created a mutually accretive relationship that is poised to drive better outcomes for and meet the evolving needs of Medicare consumers.
Overall, the strategic acquisition of e-TeleQuote has reinforced GoHealth's commitment to a consumer-first approach and has allowed the company to better serve its Medicare consumers while driving increased efficiency and effectiveness in the enrollment process. The expected synergies from this acquisition include improved financial performance, expanded market leadership, and enhanced operational capacity, all of which will contribute to GoHealth's continued growth and success.
As GoHealth continues to grow and expand its market leadership, investors will be looking for signs of continued financial strength and strategic progress. The upcoming earnings call is an opportunity for the company to demonstrate its commitment to delivering value to shareholders and maintaining its position as a leading health insurance marketplace and Medicare-focused digital health company.
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