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Health Insurance Innovations revises FY'18 guidance

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Health Insurance Innovations revises FY'18 guidance

Health Insurance Innovations Inc. has revised its full-year 2018 guidance in light of a new accounting standard that goes into effect at year-end.

The company experienced what it said was a record open enrollment period in the fourth quarter, but market dynamics related to Agilehealthinsurance.com and a shift in product focus has resulted in the company expecting results to be on the lower end of its previously announced guidance.

Revenue for the year is projected to be $315 million to $330 million, adjusted EBITDA is expected to be $67 million to $72 million and adjusted EPS is estimated to be $2.95 to $3.15.

The S&P Global Market Intelligence consensus normalized EPS estimate for the full year is $2.52.