HealthEquity Fiscal Q3 Non-GAAP EPS, Revenue Rise, Fiscal 2025, 2026 Outlooks Set -- Shares Drop

MT Newswires Live
2024-12-10

HealthEquity (HQY) late Monday reported fiscal Q3 non-GAAP net income of $0.78 per diluted share, up from $0.60 a year earlier.

Analysts polled by FactSet, on average, expected $0.72.

Revenue for the quarter ended Oct. 31 was $300.4 million, compared with $249.2 million a year earlier. Analysts expected $305.3 million.

For fiscal 2025, the healthcare services company is projecting non-GAAP EPS of $3.08 to $3.16 on revenue of $1.19 billion to $1.20 billion.

Analysts are looking for $3.12 and $1.18 billion, respectively.

For fiscal 2026, HealthEquity is projecting revenue of $1.28 billion to $1.30 billion. Analysts are looking for $1.32 billion.

HealthEquity shares recently were slipping 4% in extended session.

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