Noble Financial Expects Reduced Earnings for SelectQuote

Key Points

• Noble Financial lowered SelectQuote’s FY2027 earnings estimate to a loss of $0.20 per share from a prior forecasted loss of $0.11, while maintaining a “Strong-Buy” rating.
• SelectQuote’s latest quarterly results missed expectations, with an adjusted loss of $0.19 per share versus the $0.16 consensus estimate and revenue of $321.65 million versus $353.44 million expected.
• The stock opened at $0.54, near its 12-month low of $0.48, and analyst sentiment is mixed: MarketBeat reports an average “Hold” rating and a $3.00 average price target.

SelectQuote, Inc. (NYSE:SLQT - Free Report) - Equities research analysts at Noble Financial lowered their FY2027 earnings estimates for SelectQuote in a research report issued to clients and investors on Wednesday, August 26th. Noble Financial analyst M. Kupinski now expects that the company will earn ($0.20) per share for the year, down from their prior forecast of ($0.11). Noble Financial has a "Strong-Buy" rating on the stock. The consensus estimate for SelectQuote's current full-year earnings is ($0.11) per share.

Several other brokerages also recently commented on SLQT. Weiss Ratings downgraded SelectQuote from a "sell (d+)" rating to a "sell (d)" rating in a research report on Monday, August 17th. Zacks Research cut SelectQuote from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, SelectQuote has an average rating of "Hold" and an average price target of $3.00.

SelectQuote Price Performance

Shares of NYSE:SLQT opened at $0.54 on Friday. The business has a 50 day moving average price of $0.75 and a 200 day moving average price of $0.82. SelectQuote has a twelve month low of $0.48 and a twelve month high of $2.43. The company has a market cap of $95.35 million, a price-to-earnings ratio of -6.75 and a beta of 1.66. The company has a quick ratio of 5.63, a current ratio of 6.57 and a debt-to-equity ratio of 0.99.

SelectQuote (NYSE:SLQT - Get Free Report) last posted its quarterly earnings data on Tuesday, August 25th. The company reported ($0.19) EPS for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.03). SelectQuote had a return on equity of 19.70% and a net margin of 3.84%.The business had revenue of $321.65 million during the quarter, compared to the consensus estimate of $353.44 million.

Institutional Investors Weigh In On SelectQuote

A number of institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC increased its holdings in SelectQuote by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 3,369,383 shares of the company's stock valued at $4,752,000 after buying an additional 39,631 shares during the period. BlackRock Inc. bought a new position in shares of SelectQuote during the 2nd quarter worth about $1,836,000. Captrust Financial Advisors lifted its holdings in shares of SelectQuote by 36.3% during the 4th quarter. Captrust Financial Advisors now owns 2,081,209 shares of the company's stock worth $2,935,000 after acquiring an additional 554,624 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of SelectQuote by 71.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,931,037 shares of the company's stock valued at $4,596,000 after acquiring an additional 803,594 shares in the last quarter. Finally, Millennium Management LLC boosted its position in shares of SelectQuote by 530.1% during the 4th quarter. Millennium Management LLC now owns 1,637,460 shares of the company's stock valued at $2,309,000 after acquiring an additional 1,377,577 shares in the last quarter. Institutional investors and hedge funds own 34.59% of the company's stock.

About SelectQuote

SelectQuote, Inc NYSE: SLQT is a U.S.-based insurance brokerage and lead generation company that connects consumers with a range of insurance products through proprietary technology and licensed agents. The company specializes in life insurance, supplemental health coverage and Medicare plans, leveraging its digital platform and call center operations to help individuals compare policies and find cost-effective solutions tailored to their needs.

Through a single point of contact, policy seekers can evaluate offerings from multiple carriers, including term life, whole life, accidental death, critical illness and long-term care products.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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