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Medicare Brokers Sink on SelectQuote’s Massive Earnings Miss

  • SelectQuote and GoHealth tumble to intraday record lows
  • Evercore ISI analyst calls the broker’s results ‘horrific’
Updated on

SelectQuote Inc. and other companies that help Americans compare Medicare plans plunged on Tuesday after results missed just about every metric.

SelectQuote sank 47% to a record low Tuesday after earnings, sales and a sales forecast all fell short of analysts’ estimates. GoHealth Inc., another health insurance broker, tumbled 15%, also to a record low. Meanwhile EHealth Inc. slid 1.6% closing at the lowest since April 2018.