Updates stock activity to market open
** HealthEquity's HQY.O shares down 20.1% at $81.16 after health-savings account (HSA) manager's qtrly earnings miss, disappointing forecast
** HQY shares tracking biggest daily pct decline since Dec 7, 2021 and hit over five-mth low
** Draper, Utah-based co late Tues posted Q4 rev growth of 19% y/y to $311.8 mln and adj EPS of 69 cents. Consensus called for rev of $306.1 mln and earnings of 72 cents, per LSEG
** On the earnings call, co said gross profit and margins in qtr impacted by ~$17 mln of additional service costs around cybersecurity and fraud prevention
** For FY26, it projected rev of $1.28-$1.31 bln and adj EPS of $3.57-$3.74. The midpoints of both ranges were below what analysts had anticipated
** Co said it added a record one million new HSAs in FY25 to nearly 10 mln as of Jan 31, up 14% from last year, with total assets in those accounts of $32.1 bln, a 27% y/y increase
** Of 14 analysts covering HQY, recommendation breakdown is 13 "strong buy" or "buy" and 1 "hold"'; median PT is $116 - LSEG data
** With move on the session, stock down ~15% YTD vs Nasdaq Composite's .IXIC ~8% drop
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))
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