Gohealth Inc Cl A (GOCO) said before open Thursday that it lost $0.22 per share in quarter four 2023.
On the revenue line, the company reported $276.7 million, missing estimates by $87.2 million.
In the same quarter a year ago, the company lost $7 per share on revenue of $69.4 million.
The stock is down 14.85% to $11.12 after the report.
Despite revenues increasing, earnings decreased, signaling a decline in profit margins.
The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.
InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.
Gohealth Inc Cl A has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 20, putting Gohealth Inc Cl A in the bottom 25% of stocks. The firm set a 52-week high on June 30, 2023 at $22.85 and set a 52-week low on April 27, 2023 at $7.05.
GoHealth Inc is a health insurance marketplace in America. Its technology platform leverages modern machine-learning algorithms and helps individuals find the best health insurance plan for their specific needs. The company operates in four segments: Medicare-Internal; Medicare-External, IFP and Other-Internal; and IFP and Other-External. The Medicare segments sales Medicare Advantage, Medicare Supplement, Medicare prescription drug plans, and Medicare Special Needs Plans.
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Gohealth Inc Cl A Down 14.85% To $11.12 After Earnings Miss
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