HealthEquity (HQY) Earnings & Revenues Beat Estimates In Q3
Zacks Investment Research | Dec 04, 2019 07:26AM ET
HealthEquity, Inc. (NASDAQ:HQY) reported adjusted earnings per share (EPS) of 47 cents in third-quarter fiscal 2020, which surpassed the Zacks Consensus Estimate of 22 cents. The bottom line also improved a significant 51.6% on a year-over-year basis.
Revenues of the Zacks Rank #3 (Hold) company amounted to $157.1 million, which skyrocketed 122.9% year over year and also outpaced the Zacks Consensus Estimate of $152.1 million.
HSA Member Detail
As of Oct 31, 2019, the total number of Health Savings Accounts (HSA), for which HealthEquity served as a non-bank custodian (HSA members), was 5 million, up 37% year over year.
Additionally, total Active HSA members were 4.1 million, up 38% year over year.
Total Custodial Assets totaled $10.5 billion, up 48% year over year.
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