Phreesia Q1 EPS $(0.70) Misses $(0.46) Estimate, Sales $83.84M Beat $81.17M Estimate
Portfolio Pulse from Benzinga Newsdesk
Phreesia reported Q1 losses of $(0.70) per share, missing the $(0.46) estimate by 52.17%. Sales were $83.84M, beating the $81.17M estimate by 3.30%. This represents a 32.34% increase in sales compared to the same period last year.
May 31, 2023 | 8:06 pm
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NEGATIVE IMPACT
Phreesia's Q1 earnings report showed a larger loss per share than expected, but sales exceeded estimates and increased 32.34% YoY.
Phreesia's Q1 earnings report showed a larger loss per share than expected, which is negative for the stock price. However, the sales exceeded estimates and increased 32.34% YoY, which is a positive factor. The overall impact is likely to be negative in the short term due to the missed earnings estimate.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100