Teladoc Health First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Teladoc Health (NYSE:TDOC) First Quarter 2024 Results

Key Financial Results

• Revenue: US$646.1m (up 2.7% from 1Q 2023).
• Net loss: US$81.9m (loss widened by 18% from 1Q 2023).
• US$0.49 loss per share (further deteriorated from US$0.42 loss in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Teladoc Health Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 3.9%.

Looking ahead, revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Healthcare Services industry in the US.

Performance of the American Healthcare Services industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Teladoc Health that you need to be mindful of.

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