Published on 23 Apr 2024 on Zacks via Yahoo Finance
Can Higher Visits Soften Cost Blow for Teladoc (TDOC) in Q1?
Teladoc Health, Inc. TDOC is set to report its first-quarter 2024 results on Apr 25, after the closing bell. Analysts anticipate a robust performance in the Integrated Care segment, although rising costs may partially offset its results. Let’s delve deeper.
Factors Impacting TDOC
Teladoc’s top line has been benefiting on the back of higher Access Fees, visits and segmental growth in Integrated Care. Growth in U.S. Integrated Care members is likely to have fueled growth in its first-quarter results. Our estimate for first-quarter Access Fee revenues indicates a 1% increase from the prior-year quarter’s tally of $550.9 million.