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SelectQuote (NYSE:SLQT) Announces Quarterly Earnings Results, Beats Estimates By $0.03 EPS

SelectQuote (NYSE:SLQT - Get Free Report) issued its quarterly earnings data on Thursday. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.02 by $0.03, Zacks reports. SelectQuote had a negative net margin of 4.33% and a negative return on equity of 11.44%. The business had revenue of $376.40 million during the quarter, compared to analyst estimates of $341.80 million. During the same period in the prior year, the business earned $0.06 EPS. SelectQuote updated its FY 2024 guidance to EPS.

SelectQuote Trading Up 1.4 %

SelectQuote stock traded up $0.04 during mid-day trading on Friday, hitting $2.63. The company had a trading volume of 1,238,159 shares, compared to its average volume of 560,866. SelectQuote has a 12 month low of $1.03 and a 12 month high of $3.06. The company has a market capitalization of $443.60 million, a PE ratio of -8.47 and a beta of 0.80. The stock's 50 day moving average price is $1.84 and its two-hundred day moving average price is $1.51.

Analyst Ratings Changes

Separately, Noble Financial started coverage on shares of SelectQuote in a research report on Thursday, February 29th. They set an "outperform" rating and a $5.00 price target for the company.

Get Our Latest Analysis on SelectQuote

About SelectQuote

(Get Free Report)

SelectQuote, Inc operates a technology-enabled, direct-to-consumer distribution platform that sells a range of insurance products and healthcare services in the United States. The company operates through three segments: Senior; Life; and Auto & Home. It distributes senior health policies, such as medicare advantage, medicare supplement, medicare part D, and other ancillary senior health insurance related products, including prescription drugs, dental, vision, and hearing plans; life insurance products, such as term life, final expense, and other ancillary products, including critical illness, accidental death, and juvenile insurance; homeowners, auto, dwelling fire, and other ancillary insurance products; and non-commercial auto and home property, and casualty policies.

Further Reading

Earnings History for SelectQuote (NYSE:SLQT)

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