These Analysts Slash Their Forecasts On Phreesia Following Q2 Results
Portfolio Pulse from Lisa Levin
Phreesia, Inc. (NYSE:PHR) reported weaker-than-expected Q2 earnings, with a loss of 68 cents per share, wider than the expected loss of 42 cents per share. The company's sales were $85.83 million, slightly above estimates of $85.22 million. Phreesia's FY24 revenue forecast is $353 million to $356 million, close to estimates of $355.27 million. Following the earnings announcement, several analysts revised their price targets for Phreesia, leading to a 17.6% dip in the company's shares to $25.00.
September 07, 2023 | 3:00 pm
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Phreesia's weaker-than-expected Q2 earnings led to a dip in its share price. Analysts have revised their price targets for the company.
Phreesia's Q2 earnings were weaker than expected, which is a negative signal for investors. This led to a decrease in the company's share price. Additionally, several analysts revised their price targets for the company, which can further influence investor sentiment and the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100