Data News > SelectQuote Stock Plummets After Disappointing Quarterly Earnings Report
- SelectQuote's shares dropped 12% following the release of quarterly figures
- Pomerantz Law Firm announces investigation on behalf of investors
- Earnings call transcript reveals missed estimates
- SelectQuote reports higher revenue and net income compared to previous year
- Stockholders encouraged to participate in securities investigation
SelectQuote, a well-established health insurance brokerage company, experienced a significant decrease in its stock value on Monday, with shares plummeting by 12% after the release of its latest quarterly financial results. This sudden drop came as a surprise to many investors and analysts alike, as SelectQuote had previously been perceived as a promising investment opportunity in the industry.
In response to this sudden decline, the Pomerantz Law Firm announced that it would be investigating claims on behalf of investors of SelectQuote, Inc. (SLQT). Investors who have been affected by the recent stock performance are encouraged to reach out to Danielle Peyton at newaction@pomlaw.com or contact 646-581-9980, ext for further information on the investigation.
During the earnings call, SelectQuote, Inc. (NYSE:SLQT) disclosed that it had missed the Zacks Consensus Estimate, reporting quarterly earnings of $0.03 per share as opposed to the anticipated $0.04 per share. This underperformance was a notable deviation from the previous year, where earnings had been reported at $0.05 per share.
Despite the missed earnings estimates, SelectQuote, Inc. reported an increase in consolidated revenue for the third quarter of fiscal year 2025, totaling $408.2 million compared to $376.4 million in the same period the previous year. Additionally, the company saw a substantial rise in consolidated net income, reaching $26.0 million this quarter compared to $8.6 million in the third quarter of fiscal year 2024.
In light of these developments, Bronstein, Gewirtz & Grossman, LLC urged SelectQuote, Inc. (SLQT) stockholders to actively participate in the ongoing securities investigation. Investors who have purchased SelectQuote securities are advised to visit the firm's website, bgandg.com/SLQT, to obtain more information and contribute to the investigation into the recent events surrounding the company.
As SelectQuote grapples with the aftermath of the disappointing quarterly earnings report, stakeholders and analysts are closely monitoring the company's next steps and strategies. The future trajectory of SelectQuote's stock performance remains uncertain as investors await further updates and developments.
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SelectQuote Stock Plummets After Disappointing Quarterly Earnings Report
By KlickAnalytics Data Insights | May 12, 2025 08:02PM ET
Key Points
- SelectQuote's shares dropped 12% following the release of quarterly figures
- Pomerantz Law Firm announces investigation on behalf of investors
- Earnings call transcript reveals missed estimates
- SelectQuote reports higher revenue and net income compared to previous year
- Stockholders encouraged to participate in securities investigation
SelectQuote, a well-established health insurance brokerage company, experienced a significant decrease in its stock value on Monday, with shares plummeting by 12% after the release of its latest quarterly financial results. This sudden drop came as a surprise to many investors and analysts alike, as SelectQuote had previously been perceived as a promising investment opportunity in the industry.
In response to this sudden decline, the Pomerantz Law Firm announced that it would be investigating claims on behalf of investors of SelectQuote, Inc. (SLQT). Investors who have been affected by the recent stock performance are encouraged to reach out to Danielle Peyton at newaction@pomlaw.com or contact 646-581-9980, ext for further information on the investigation.
During the earnings call, SelectQuote, Inc. (NYSE:SLQT) disclosed that it had missed the Zacks Consensus Estimate, reporting quarterly earnings of $0.03 per share as opposed to the anticipated $0.04 per share. This underperformance was a notable deviation from the previous year, where earnings had been reported at $0.05 per share.
Despite the missed earnings estimates, SelectQuote, Inc. reported an increase in consolidated revenue for the third quarter of fiscal year 2025, totaling $408.2 million compared to $376.4 million in the same period the previous year. Additionally, the company saw a substantial rise in consolidated net income, reaching $26.0 million this quarter compared to $8.6 million in the third quarter of fiscal year 2024.
In light of these developments, Bronstein, Gewirtz & Grossman, LLC urged SelectQuote, Inc. (SLQT) stockholders to actively participate in the ongoing securities investigation. Investors who have purchased SelectQuote securities are advised to visit the firm's website, bgandg.com/SLQT, to obtain more information and contribute to the investigation into the recent events surrounding the company.
As SelectQuote grapples with the aftermath of the disappointing quarterly earnings report, stakeholders and analysts are closely monitoring the company's next steps and strategies. The future trajectory of SelectQuote's stock performance remains uncertain as investors await further updates and developments.
For more information:
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