Digital medical services platform Teladoc Health (NYSE: TDOC) will be reporting earnings this Wednesday after market close. Here’s what you need to know.
Teladoc beat analysts’ revenue expectations last quarter, reporting revenues of $642.3 million, flat year on year. It was a softer quarter for the company, with revenue guidance for next quarter missing analysts’ expectations significantly and EBITDA guidance for next quarter missing analysts’ expectations significantly. It reported 101.8 million users, up 8.5% year on year.
Is Teladoc a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Teladoc’s revenue to decline 3% year on year, in line with the 2.6% decrease it recorded in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Teladoc has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Teladoc’s peers in the consumer internet segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Coursera delivered year-on-year revenue growth of 9.1%, meeting analysts’ expectations, and Netflix reported revenues up 16.2%, topping estimates by 0.5%. Coursera traded down 11.6% following the results while Netflix was also down 9.7%.
Read our full analysis of Coursera’s results here and Netflix’s results here.
There has been positive sentiment among investors in the consumer internet segment, with share prices up 17.9% on average over the last month. Teladoc is up 15.2% during the same time and is heading into earnings with an average analyst price target of $7.09 (compared to the current share price of $5.92).
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