Teladoc Health Q2 Earnings Preview: Results expected to be in-line, BetterHelp in focus

Teladoc Health (NYSE:TDOC) is scheduled to announce Q2 earnings results on Wednesday, July 31st, after market close.

Analysts estimate a loss of $0.37 per share on revenue of $649.66M (-0.4% Y/Y).

The company is expected to report earnings in-line or below estimates, while investors keep an eye out for BetterHelp revenue trend.

On BetterHelp revenues, KeyBanc says “Expectations are clearly weak, and while BetterHelp revenues are depressed, it sees a potential margin beat driven by moderating BetterHelp spend.”

According to Truist, “We expect TDOC’s 2Q results to meet or potentially come in slightly below our estimates. The Truist Card data seems to suggest 2Q BetterHelp revenues are likely trending below the lower end of the company’s quarterly guide and given that there are generally not significant surprises in Integrated Care segment revenue, we think Q2 results (primarily revenues) are likely to be in-line to slightly below the guide.”

Over the last 1 year, TDOC has beaten EPS estimates 50% of the time and has beaten revenue estimates 75% of the time.

“While we don’t expect the company to meaningfully update its 2024 outlook, we would expect TDOC to provide a bias within its existing guidance. We believe the more meaningful update will be on its portfolio restructuring which has been underway for several months,” Truist adds.

YTD, TDOC has fallen 54.7% and has a Hold rating by both SA Quant system and Wall Street analysts.