Phreesia: Q1 Earnings Insights
Portfolio Pulse from Benzinga Insights
Phreesia (NYSE:PHR) reported Q1 earnings with an EPS of $-0.7, missing estimates by 52.17%. Revenue was up $20.49 million YoY. Last quarter, the company missed EPS by $0.21, resulting in a 7.74% share price drop the next day.
May 31, 2023 | 8:25 pm
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Phreesia's Q1 earnings missed estimates by 52.17%, reporting an EPS of $-0.7. Revenue increased by $20.49 million YoY. Last quarter's miss resulted in a 7.74% share price drop.
Phreesia's Q1 earnings missed estimates significantly, with an EPS of $-0.7 compared to the expected $-0.46. This is likely to negatively impact the stock price in the short term, as investors may be disappointed by the company's performance. Additionally, the company's past earnings miss led to a 7.74% share price drop the following day, indicating a potential similar reaction this time.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100