Why HealthEquity Stock Was Sliding This Week
Over the past few days (NASDAQ: HQY) shares have been rather sickly. The health savings account (HSA) specialist's stock was rocked by a disappointing earnings report, and as a result its price was down by nearly 15% week to date as of mid-afternoon Thursday, according to data compiled by S&P Global Market Intelligence.
HealthEquity divulged its fourth-quarter and full-year fiscal 2024 results just after market close on Tuesday. These showed that the company earned $311.8 million for the period ended Jan. 31, representing a year-over-year increase of 19%. Non-GAAP (adjusted) net income also saw a rise, improving by 11% to $61.3 million. On a per-share basis, that figure was $0.69.
This meant a mixed quarter for HealthEquity. While it beat the average analyst estimate of $305.8 million for revenue, it fell short of the consensus $0.72 projection for adjusted profitability.
Source Fool.com
Healthequity Inc. Stock
The community is currently still undecided about Healthequity Inc. with 2 Buy predictions and 0 Sell predictions.
However, we have a potential of -0.58% for Healthequity Inc. as the target price of 85 € is below the current price of 85.5 €.
