Teladoc Health Inc reports results for the quarter ended in June - Earnings Summary

Teladoc Health

31/07/2024 23:28

* Teladoc Health Inc  TDOC.N  reported a quarterly adjusted
loss
of 28 cents​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of -40 cents.  The mean expectation of twenty seven analysts for
the quarter was for a loss of 35 cents per share. Wall Street
expected results to range from -41 cents to -18 cents per share.
    * Revenue fell 1.5% to $642.44 million from a year ago;
analysts
expected $649.65 million. 
    * Teladoc Health Inc's reported EPS for the quarter was a
loss of
$4.92​.
    * The company reported a quarterly loss of $837.67 million.
    * Teladoc Health Inc shares had fallen by 0.5% this
quarter and
lost 54.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.5%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 23
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the healthcare
facilities & services peer group is also "hold"

Wall Street's median 12-month price target for Teladoc Health
Inc is $15.00 
This summary was machine generated from LSEG data July 31 at
10:28 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      -0.35          -0.28          Beat
 Mar. 31 2024      -0.46          -0.49          Missed
 Dec. 31 2023      -0.21          -0.17          Beat
 Sep. 30 2023      -0.37          -0.35          Beat