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Progyny, Inc. (PGNY)
:PGNY
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.18Last Year’s EPS
0.17Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: -4.28%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a positive end to 2024 with strong revenue and client growth, high client retention, and successful new product launches. However, challenges include the loss of a major client, potential lower utilization rates, and increased investments impacting margins. Overall, the highlights outweigh the lowlights, indicating a positive outlook despite some hurdles.Company Guidance
During the call, Progyny, Inc. provided guidance for both the first quarter and full year 2025. They anticipate revenue for the first quarter to be between $300 million to $318 million, reflecting growth of 8% to 14%. For the full year 2025, they project revenue between $1.175 billion to $1.225 billion, indicating a growth of 1% to 5%. This guidance includes the impact of a significant client transition, estimated to contribute $37 million to $40 million of revenue in the first half of the year. Adjusted EBITDA is expected to range from $53 million to $57 million for the first quarter, and $188 million to $201 million for the full year. Additionally, they forecast net income between $45 million to $53.9 million for 2025, with adjusted earnings per diluted share anticipated to be between $1.52 and $1.62, based on approximately 92 million fully diluted shares. The company expects to continue investing in digital assets and integration of recent acquisitions, projecting an increase in both capital expenditures and operational expenses.Exceeded Revenue and EBITDA Guidance
Revenue and adjusted EBITDA for the fourth quarter of 2024 were above the high end of Progyny's guidance ranges.
Strong Sales and Product Development
Progyny added 1.1 million new covered lives and over 80 new logos, with 40% of new logos adopting new services in maternity, postpartum, and menopause.
High Client Retention
Progyny retained 99% of its clients and expanded its health plan partners, including Cigna as its first national health plan partner.
Record ART Cycles
The company performed more than 15,800 ART cycles in the fourth quarter, marking the highest quarterly total ever.
Continued Market Leadership
Progyny reported entering its 10th year as a premier solution in family building, with clinical outcomes better than national averages.
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PGNY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PGNY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | $22.88 | $22.53 | -1.53% |
| Nov 12, 2024 | $17.18 | $13.90 | -19.09% |
| Aug 06, 2024 | $25.74 | $20.85 | -19.00% |
| May 09, 2024 | $32.50 | $27.53 | -15.29% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Progyny, Inc. (PGNY) report earnings?
Progyny, Inc. (PGNY) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Progyny, Inc. (PGNY) earnings time?
Progyny, Inc. (PGNY) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PGNY EPS forecast?
PGNY EPS forecast for the fiscal quarter 2025 (Q1) is 0.18.
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