SLQT has a very favorable chart!
SelectQuote, Inc. SLQT
Prior Close: $26.67 USD(close of regular trading on Thursday, Feb. 11)
SelectQuote is a tech-focused insurance company that went public last May. The firm uses a direct-to-consumer comparison model to help people find the right auto and home insurance, as well as life insurance and senior health insurance.
SLQT boasts that its proprietary technology allows it to “find people the right coverage with the right carrier at the right price in just minutes.” SLQT has topped our quarterly earnings estimates in all three periods since its IPO, including a solid 15% beat when it reported Q2 fiscal 2021 results on Feb. 8.
The firm’s second quarter revenue surged by 103% to top Q1’s 91% sales expansion. SLQT’s top-line was driven by 127% growth in its senior unit. This space allows people to select from a range of Medicare Advantage and Medicare Supplement plans from “leading, nationally-recognized carriers, as well as prescription drug plan, dental, vision and hearing plans.”
Investors should know that SLQT stands to benefit from an aging U.S. population. “The first Baby Boomers reached 65 years old in 2011,” Dr. Luke Rogers of the U.S. Census Bureau said in prepared remarks in June 2020. “Since then, there’s been a rapid increase in the size of the 65-and-older population, which grew by over a third since 2010. No other age group saw such a fast increase.”
The company also raised its full-year guidance earlier in the week and Zacks estimates now project that its revenue will surge 78% to $939 million, with FY22 projected to come in another 33% higher to reach $1.3 billion. And its bottom-line outlook appears even more impressive, with SelectQuote expected to swing from an adjusted loss of -$0.16 a share to +$0.88 this year, before popping another 41%.
Deff heading North of $30. I like. Want to dig into debt etc... How many options are being given out..