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GoHealth (GOCO)
NASDAQ:GOCO
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Earnings Data
Report Date
Mar 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.97Last Year’s EPS
-$0.22Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: 0.24%
|Next Earnings Date:Mar 13, 2025
Earnings Call Sentiment|Neutral
The call presented a mix of positive achievements and challenges. Notable highlights included a significant increase in internal submissions, a strategic acquisition, and improvements in operational efficiency and cash flow. However, these were offset by declines in revenue, challenges with external submissions, and the impact of a cyberattack. Despite the negative adjusted EBITDA, the overall sentiment leans slightly towards optimism due to strategic initiatives and operational improvements.Company Guidance
During the GoHealth Q3 2024 earnings call, the company provided guidance highlighting their strategic initiatives and operational efficiencies. The acquisition of e-TeleQuote was a major development, adding approximately $90.5 million in contract assets and $22.5 million in cash, and increasing their agent capacity by nearly 400 licensed agents. This acquisition is expected to improve net income, as reflected in the $77.4 million gain on bargain purchase. The company also reported a 46% year-over-year increase in internal captive agent submissions, while submissions from their GoPartner Solutions channel declined by 46%. GoHealth's efforts to reduce direct operating costs per submission resulted in an 11% decrease, and they anticipate leveraging their proprietary technology, such as the AI-driven PlanFit tool, to further enhance operational performance. The refinancing of their term loan credit facility to a 5-year term with improved financial terms positions them for long-term growth. The company expects positive market dynamics to continue into the first three quarters of 2025, driving sustained growth and new opportunities.Internal Captive Agent Submissions Increase
Internal captive agent submissions saw a 46% year-over-year increase due to enhanced training, improved technology, and targeted marketing efforts.
e-TeleQuote Acquisition
GoHealth completed the acquisition of e-TeleQuote, adding $90.5 million in contract assets and $22.5 million in cash, alongside a gain on bargain purchase of $77.4 million.
Operational Efficiency Improvements
The company reduced its direct operating cost per submission by 11% and average call times by 25% through streamlined processes and AI deployment.
Refinancing of Term Loan Credit Facility
Completed refinancing of a $475 million term loan facility, extending maturity to 2029, with improved financial terms.
Positive Cash Flow from Operations
Achieved a positive cash flow from operations of $35.1 million in the trailing 12 months, compared to a negative cash flow of $3.2 million in the prior year period.
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GOCO 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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GOCO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $12.75 | $11.78 | -7.61% |
| Aug 08, 2024 | $11.55 | $9.15 | -20.78% |
| May 09, 2024 | $9.79 | $9.42 | -3.78% |
| Mar 14, 2024 | $13.06 | $11.34 | -13.17% |
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 GoHealth (GOCO) report earnings?
GoHealth (GOCO) is schdueled to report earning on Mar 13, 2025, TBA Not Confirmed.
What is GoHealth (GOCO) earnings time?
GoHealth (GOCO) earnings time is at Mar 13, 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 GOCO EPS forecast?
GOCO EPS forecast for the fiscal quarter 2024 (Q4) is $0.97.
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