SLQT - SelectQuote Q2: Strong Revenue Growth But Retaining My Hold Rating

2024-02-07 10:59:04 ET

Summary

• SelectQuote, Inc.'s fiscal Q2 revenue of $405.44 million beat estimates, marking the 6th consecutive quarter of increasing YoY revenue.
• The company raised its revenue guidance for FY 2024 to $1.23 billion to $1.3 billion, a 17% increase from the prior low-end guidance.
• Despite positive revenue growth, SelectQuote is still losing money and has a significant long-term debt load of $650 million.

SelectQuote, Inc. (NYSE: SLQT ) has just reported its fiscal Q2 numbers as Seeking Alpha has reported here . Although pre-market price actions can change direction quickly, the stock is up nearly 10% as of this writing. Did the company report fundamentally good numbers, or is this just a relief rally for a beaten down stock which was down almost 20% YTD ahead of Q2 report?...

For further details see: