HealthEquity: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
HealthEquity (NASDAQ:HQY) reported Q3 earnings with an EPS of $0.6, surpassing the estimate of $0.5 by 20%. Revenue increased by $33.13 million compared to the same period last year. The company has a history of beating EPS estimates, which in the past has led to a share price increase the following day.
December 05, 2023 | 9:05 pm
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HealthEquity reported a positive earnings surprise with a 20% beat on EPS estimates and a significant year-over-year revenue increase, indicating strong financial performance.
Given HealthEquity's history of stock price increases following earnings beats, and the substantial beat this quarter, it is likely that the stock price will experience a short-term increase. The company's consistent performance in surpassing EPS estimates suggests investor confidence may be bolstered.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100