Here's the reason Health Insurance Innovations Is Soaring Today

What happenedIn response to the Inc. posting expectation-topping 4th-quarter results, shares of Health Insurance Innovations (NASDAQ: HIIQ), a suppliers of short-term health insurance plans, rose as much as 17% in early-morning trading on Thursday. That result far exceeded the $59.two mn in quarterly income that Wall Street was looking for. The midpoint of this guidance is far better than the $274 mn in income & $one.92 in earnings that Wall Street was projecting. This time whatHealth Insurance Innovations' stock has rebounded strongly from the beating that it took in the fall while short-sellers started to lift questions about its business model. But, the Inc. has ever ever made a lot of progress to address their worries, that has contributed to the soaring share value.

Americans Have concerns About aftertime Health Insurance Coverage, Report tells

Allison InserroThirty-6 % of Americans who have health coverage out of the Affordable Care Act & 27% of those by Medicaid are pessimistic they going to be enable to of save their aftertime coverage, according to a Fresh Commonwealth Fund survey of 2410 adults. generality of the public is aware of the availability of ACA marketplace coverage, however lack of awareness is higher between uninsured adults. Other reasons involved not thinking they would be eligible, thinking health insurance wasn't needed, thinking the ACA would be cancelled, & thinking it was no longer required to have health insurance. The Commonwealth Fund issue brief. The Commonwealth Fund website.Published March one, 2018.

Health Insurance Innovations' (HIIQ) chief executive officerGavin Southwell on Q4 2017 Results - Earnings Call Transcript

according to We are delighted to have you joined America today for discussion about Health Insurance Innovation's 2017 & 4th quarter financial results. When adjusted earnings per share for the 4th quarter was $0.37 up from $0.35 in the 4th quarter of 2016. Total submitted policies for the 4th quarter were up 28.eight% year-over-year providing visibility of aftertime income in the upcoming quarters. EBITDA was $18.seven mn in the 4th quarter of 2017 compared to a negative $four.nine mn in Q4 2016. 4th quarter 2017 GAAP earnings per diluted share was $0.30 compared to a loss of $0.02 in Q4 2016.

Health Insurance Innovations, Inc.

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collected by :Lucy William