Why Hims & Hers Stock Is Soaring After Earnings
Portfolio Pulse from Erica Kollmann
Hims & Hers Health, Inc. (NYSE:HIMS) shares surged after reporting Q4 earnings of 1 cent per share, surpassing the expected loss of 3 cents, and revenue growth of 47.5% year over year to $246.62 million. The company also provided strong guidance for Q1 2024 and FY 2024, exceeding analyst estimates. Truist Securities and Piper Sandler adjusted their price targets upwards, reflecting a positive outlook.
February 27, 2024 | 5:27 pm
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POSITIVE IMPACT
Hims & Hers Health, Inc. (HIMS) exceeded Q4 earnings expectations and provided strong revenue guidance for Q1 2024 and FY 2024, leading to a positive stock price movement.
The positive earnings report and strong future revenue guidance directly impact investor sentiment and the stock's valuation. Analysts' upgraded price targets further validate the optimistic outlook, likely contributing to short-term stock price appreciation.
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