Advertisement
UK markets closed
  • FTSE 100

    7,962.33
    +30.35 (+0.38%)
     
  • FTSE 250

    19,901.35
    +90.69 (+0.46%)
     
  • AIM

    744.03
    +1.92 (+0.26%)
     
  • GBP/EUR

    1.1702
    +0.0033 (+0.28%)
     
  • GBP/USD

    1.2642
    +0.0004 (+0.03%)
     
  • Bitcoin GBP

    56,088.01
    +1,440.43 (+2.64%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • S&P 500

    5,251.84
    +3.35 (+0.06%)
     
  • DOW

    39,775.60
    +15.52 (+0.04%)
     
  • CRUDE OIL

    82.63
    +1.28 (+1.57%)
     
  • GOLD FUTURES

    2,236.20
    +23.50 (+1.06%)
     
  • NIKKEI 225

    40,168.07
    -594.66 (-1.46%)
     
  • HANG SENG

    16,541.42
    +148.58 (+0.91%)
     
  • DAX

    18,491.55
    +14.46 (+0.08%)
     
  • CAC 40

    8,211.36
    +6.55 (+0.08%)
     

HealthEquity (HQY) Reports Q1 Earnings: What Key Metrics Have to Say

For the quarter ended April 2023, HealthEquity (HQY) reported revenue of $244.43 million, up 18.8% over the same period last year. EPS came in at $0.50, compared to $0.27 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $239.85 million, representing a surprise of +1.91%. The company delivered an EPS surprise of +21.95%, with the consensus EPS estimate being $0.41.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

ADVERTISEMENT

Here is how HealthEquity performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Total HSA Assets: $22.32 billion versus the three-analyst average estimate of $23.30 billion.

  • Total HSA investments: $8.21 billion compared to the $8.57 billion average estimate based on three analysts.

  • HSAs Accounts: 8.05 million versus the three-analyst average estimate of 8.03 million.

  • Total Accounts: 14999 thousand compared to the 15120.22 thousand average estimate based on two analysts.

  • Total HSA cash: $14.11 billion compared to the $14.98 billion average estimate based on two analysts.

  • Revenue- Service revenue: $105.11 million compared to the $111.11 million average estimate based on four analysts. The reported number represents a change of +0.7% year over year.

  • Revenue- Custodial revenue: $94.44 million versus the four-analyst average estimate of $85.42 million. The reported number represents a year-over-year change of +59.1%.

  • Revenue- Interchange revenue: $44.88 million versus the four-analyst average estimate of $44.72 million. The reported number represents a year-over-year change of +6.9%.

View all Key Company Metrics for HealthEquity here>>>

Shares of HealthEquity have returned +8.2% over the past month versus the Zacks S&P 500 composite's +4.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

HealthEquity, Inc. (HQY) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research