Teladoc ($TDOC) stock is soaring in 2020, although analysts are expecting losses of $0.35 when the New York-based remote health services company announces earnings April 29. But soaring engagement for its app and a big burst of social media attention could help push Teladoc into profitability - soon, if not in Q1.
At a time when nearly every other company - including the tech sector - has been slashing job postings, Teladoc headcount grew 9% since late February, and began to take on a new trajectory as the pandemic spread. Above, we have the LinkedIn Employee Headcount chart tracking staffing, which is near an all-time high.
After a rise in staffing, Teladoc job postings fell 40% from a February peak - that's not necessarily a sign of struggling business, since the company has acknowledged soaring engagement. And, there are plenty of other major apps being used for communications, that after a major spike in hiring, scaled down job postings a bit - so this probably won't spook investors.
Fairly early on into the pandemic, our data signaled more engagement for Teladoc - and now, new data points reflect this as well.
In the Apple Store, Teladoc has seen ratings shoot up 14% since mid-March. That comes as the company acknowledges record visits to its platform, according to CNN. Further, in the Apple Store, Teladoc has seen improving ratings, and a current user score above 4.6-out-of-5.
Finally, we can track Twitter following for Teladoc - which isn't terribly broad, and for a likely simple reason: who on earth, especially now, is going to start talking about their doctor appointment online? Many brands' social chatter aren't terribly meaningful, and that could be the case with Teladoc - which, separately, has also seen more engagement via Facebook. Still, followers have grown more than 7% this year, and our chart above indicates the pace has been increasing.
About the Data:
Thinknum tracks companies using the information they post online - jobs, social and web traffic, product sales, and app ratings - and creates data sets that measure factors like hiring, revenue, and foot traffic. Data sets may not be fully comprehensive (they only account for what is available on the web), but they can be used to gauge performance factors like staffing and sales.
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