Shares of eHealth, Inc. (EHTH) jumped over 38% on Tuesday morning after the company revised its full-year 2024 outlook following strong Annual Enrollment Period (AEP) performance.
EHTH is currently trading at $7.55, up $2.09 or 38.37%, on the Nasdaq. The stock opened its trading at $7.75 after closing Monday at $5.46. The stock has traded between $3.58 and $9.45 in the past 52-week period.
Looking forward, the company now expects revenues of $500.0 million to $520.0 million, compared to the prior range of $470.0 million to $495.0 million. Analysts currently estimate revenues of $487.43 million for the full year.
For the full year, the company now expects to report GAAP net income between a loss of $12.0 million and an income of $3.0 million, compared to the prior estimate of loss between $36.5 million and $22.0 million.
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