$PGNY – Blowout Earnings. Up 30% Today.

Hi All,

I previously posted about my cautious bull theory on $PGNY on January 2nd, 2020 — along with a few other picks for 2020: $GH, $LVGO, $SE. Read more here: https://www.reddit.com/r/stocks/comments/eou2l3/top_stock_pick_for_2020_pt_2/

It hit an all-time high in February ($36.50) before share prices tumbled during the COVID-19 crash. Today, $PGNY closed at a higher PPS than the date of my original post. Thanks to a blowout Q1 ER.

Financial Highlights:

Revenue was $81.0 million, a 72% increase as compared to $47.2 million reported in the prior year period.

• Fertility benefit services revenue was $59.4 million, a 47% increase from the $40.4 million reported in the prior year period, primarily driven by an increase in our number of clients and covered lives.
• Pharmacy benefit services revenue was $21.6 million as compared to $6.8 million reported in the prior year period.  The growth in pharmacy benefit services revenue was primarily driven by an increase in the number of clients that are providing the pharmacy benefit as compared to the prior year period.

Wall Street analysts had forecast that the fertility specialist would earn just $0.02 per share (still twice last year's haul) on sales of $71.8 million. In fact, Progyny earned twice what the analysts had expected — $0.04 per diluted share — and eclipsed sales estimates, too — $81 million booked.  

This company is guiding 3x revenue vs. consensus, quadrupling in quarterly profit, no debt, great balance sheet.

Definitely a stock to follow for years to come.

FWIW: If you invested $10,000 into all 4 of my picks ($GH, $LVGO, $SE, $PGNY), you would be up over 51%. For context, $SPY is down 13.3% in the same time period.