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.
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IMPORTANCE 80
RELEVANCE 100