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HealthEquity Tops Q1 Earnings and Revenue Estimates

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HealthEquity (NASDAQ: HQY) came out with quarterly earnings of $0.80 per share, beating the Zacks Consensus Estimate of $0.66 per share. This compares to earnings of $0.50 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 21.21%. A quarter ago, it was expected that this provider of services for managing health care accounts would post earnings of $0.56 per share when it actually produced earnings of $0.63, delivering a surprise of 12.50%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

HealthEquity, which belongs to the Zacks Medical Services industry, posted revenues of $287.6 million for the quarter ended April 2024, surpassing the Zacks Consensus Estimate by 3.16%. This compares to year-ago revenues of $244.43 million. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings call.

HealthEquity …

Full story available on Benzinga.com

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