NASDAQ$PGNY
Progyny Inc · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Progyny had a strong third quarter, with record quarterly revenues and profitability.
Progyny announced a record third quarter revenue of $98.9 million, a 62% increase compared to the prior year period. The company also raised revenue guidance to $340.0 to $345.0 million for full year 2020, reflecting growth of 48% to 50%, and affirmed preliminary view of a minimum of $525 million in 2021 revenue.
- Revenue was $98.9 million, a 62% increase as compared to the prior year period.
- Fertility benefit services revenue was $73.1 million, a 46% increase from the prior year period.
- Pharmacy benefit services revenue was $25.8 million, a 131% increase as compared to the prior year period.
- The company had 135 clients as of September 30, 2020, compared to 84 clients in the prior year period.
Headline financials
Revenue & EPS history
Progyny · Revenue · Quarterly
$98.9M
Revenue by segment
Progyny · $98.9M total across 2 segments · Q3 2020
- Fertility Benefit Services$73.1M+46.2%73.9%
- Pharmacy Benefit Services$25.8M+130.4%26.1%
Forward guidance
The company is providing financial guidance for the full year and three-month period ending December 31, 2020.
Tailwinds
- Revenue is projected to be $340.0 million to $345.0 million, reflecting growth of 48% to 50%
- Net income is projected to be $12.7 million to $14.2 million, or $0.13 to $0.14 per share
- Adjusted EBITDA is projected to be $29.7 million to $31.0 million
- Revenue is projected to be $95.4 million to $100.4 million, reflecting growth of 47% to 54%
- Net income is projected to be $5.1 million to $6.6 million, or $0.05 to $0.07 per share
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2020
-1.1%
Avg return
Earnings day
-0.3%
Avg return
5 days after
-0.2%
Avg return
30 days after
38%
11 / 29 earnings
Positive
+26.4%
Q2 2022
Best reaction
-20.5%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.5% | +25.4% | +38.2% | |
| Q4 2025 | -20.5% | -20.0% | -22.4% | |
| Q3 2025 | +24.3% | +33.6% | +33.4% | |
| Q1 2025 | -9.7% | -6.5% | -7.2% | |
| Q4 2024 | -1.5% | -5.2% | -4.3% | |
| Q3 2024 | -18.5% | -19.3% | -12.9% | |
| Q2 2024 | -17.7% | -14.7% | -6.4% | |
| Q1 2024 | -14.4% | -14.6% | -14.2% | |
| Q4 2023 | -13.1% | -9.7% | -4.3% | |
| Q3 2023 | -4.3% | -2.1% | +17.8% | |
| Q2 2023 | +4.9% | -2.8% | -8.6% | |
| Q1 2023 | +9.3% | +5.9% | +16.8% | |
| Q4 2022 | +22.9% | +18.4% | +7.7% | |
| Q3 2022 | -2.6% | +2.0% | -13.8% | |
| Q2 2022 | +26.4% | +25.5% | +15.4% | |
| Q1 2022 | -7.1% | -15.6% | -23.1% | |
| Q4 2021 | +11.5% | +13.0% | +31.6% | |
| Q3 2021 | +2.5% | +5.8% | -22.2% | |
| Q2 2021 | -12.8% | -17.1% | +4.3% | |
| Q1 2021 | -3.2% | -8.7% | +18.4% | |
| Q4 2020 | -15.5% | -14.9% | -14.4% | |
| Q3 2020 | -0.3% | +7.0% | +38.7% | |
| Q2 2020 | +0.4% | +8.4% | -0.9% | |
| Q1 2019 | -2.4% | +4.8% | -13.7% | |
| Q1 2020 | +21.8% | +18.8% | +2.1% | |
| Q4 2017 | -3.7% | -6.3% | -8.3% | |
| Q4 2019 | -12.2% | -15.5% | -39.0% | |
| Q4 2018 | -0.2% | -5.0% | -7.0% | |
| Q3 2019 | +0.5% | +0.3% | -6.5% | |
| Q2 2019 | — | — | — | |
| Q3 2018 | — | — | — | |
| Q2 2018 | — | — | — | |
| Q1 2018 | — | — | — |
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