HealthEquity (HQY) To Report Q4 Earnings: What's In Store?
Zacks Investment Research | Feb 11, 2020 10:19PM ET
HealthEquity, Inc. (NASDAQ:HQY) is scheduled to release fourth-quarter fiscal 2020 results on Feb 18, after the closing bell. In the last reported quarter, the company delivered a positive earnings surprise of 113.6%. Further, it has an average four-quarter positive surprise of 46.4%.
Q4 Estimates
Currently, the Zacks Consensus Estimate for fourth-quarter fiscal 2020 revenues is pegged at $193.6 million, suggesting growth of 155.5% from the year-ago reported figure. The consensus mark for earnings is pegged at 19 cents per share, indicating a decline of 29.6% from the year-ago reported figure.
Factors at Play
HealthEquity’s fourth-quarter fiscal top line is anticipated to reflect improvement across its segments – Service Revenues, Custodial Revenues and Interchange Revenues. In fact, the company projects revenues between $520 million and $526 million, much higher than the previously projected range of $341-$347 million in fiscal 2020.
The company is likely to have experienced higher Health Savings Account (HSA) member growth, on the back of higher HSA assets. HSA member growth is also likely to have contributed the company’s fiscal fourth-quarter performance.
HealthEquity, Inc. Price and EPS Surprise
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