Yahoo Finance SelectQuote First Quarter 2023 Earnings: Revenues Beat Expectations, EPS Lags
SelectQuote (NYSE:SLQT) First Quarter 2023 Results
Key Financial Results
Revenue: US$162.5m (up 4.1% from 1Q 2022).
Net loss: US$42.5m (loss narrowed by 12% from 1Q 2022).
US$0.26 loss per share (improved from US$0.29 loss in 1Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
SelectQuote Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) missed analyst estimates by 30%.
Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Insurance industry in the US.
Performance of the American Insurance industry.
The company's shares are down 1.7% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 3 warning signs for SelectQuote (2 are concerning!) that you need to be mindful of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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