Phreesia Q3 EPS $(0.58) Misses $(0.36) Estimate, Sales $91.62M Beat $89.68M Estimate
Portfolio Pulse from Benzinga Newsdesk
Phreesia (NYSE:PHR) reported Q3 earnings with a loss per share of $(0.58), missing the $(0.36) estimate by 61.11%, but showed a 23.68% improvement from last year's $(0.76) loss. Sales of $91.62M exceeded estimates by 2.16% and grew 25.33% from the previous year.
December 05, 2023 | 9:04 pm
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NEUTRAL IMPACT
Phreesia reported a larger-than-expected Q3 EPS loss but surpassed sales estimates, indicating mixed financial performance.
The missed EPS estimate may negatively impact investor sentiment in the short term, but the sales beat and year-over-year growth could offset this. The mixed results lead to a neutral score as the market digests both the positive and negative aspects of the report.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100