Recap: Phreesia Q3 Earnings
Portfolio Pulse from Benzinga Insights
Phreesia (NYSE:PHR) reported Q3 earnings with an EPS of $-0.58, missing estimates by 61.11% against the expected $-0.36. Revenue increased by $18.52 million compared to the same period last year. The company's stock price previously dropped 22.11% following a missed EPS last quarter.
December 05, 2023 | 9:25 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Phreesia reported a significant miss in Q3 earnings with an EPS of $-0.58 compared to the estimated $-0.36, but showed an increase in revenue from the previous year.
The substantial earnings miss is likely to negatively impact investor sentiment in the short term, as evidenced by the previous quarter's 22.11% stock price drop following an earnings miss. The increase in revenue may provide some cushion, but the focus is likely to remain on the missed EPS.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100