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HealthEquity Stock: Leading Health Savings Account Investment
MarketBeat· 2024-06-10 11:30
HealthEquity Today Add to Watchlist The company operates in the medical sector and competes with other providers of HSAs, including UnitedHealth Group Inc. NYSE: UNH, Webster Financial Co. NYSE: WBS and Fidelity National Financial Inc. NYSE: FNF. What is a Health Savings Account? What is a Flexible Spending Account? HQY Triggers a Daily Bull Flag Breakout Pattern HealthEquity reported a Q1 2025 beat by 15 cents. Net income rose to $28.8 million, up from $4.1 million in the year-ago period. Adjusted EBITDA w ...
HealthEquity (HQY) Q1 Earnings Surpass Estimates, Margins Up
ZACKS· 2024-06-04 17:36
As of Apr 30, 2024, the total number of Health Savings Accounts (HSA) for which HealthEquity served as a non-bank custodian (HSA members) was 9.1 million, up 13.1% year over year. HealthEquity reported 665,000 HSAs with investments as of Apr 30, 2024, up 19.6% year over year. Total Accounts, as of Apr 30, 2024, were 16 million, up 6.7% year over year. This uptick included total HSAs and 6.9 million other Consumer Direct Benefits (CDBs), down 0.6% year over year. Total HSA assets were $27.28 billion at the e ...
HealthEquity (HQY) Reports Q1 Earnings: What Key Metrics Have to Say
ZACKS· 2024-06-03 22:30
Here is how HealthEquity performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: View all Key Company Metrics for HealthEquity here>>> Shares of HealthEquity have returned +4% over the past month versus the Zacks S&P 500 composite's +5.1% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term. For the quarter ended April 2024, HealthEquity (HQY) reported revenue of $287 ...
HealthEquity (HQY) Tops Q1 Earnings and Revenue Estimates
ZACKS· 2024-06-03 22:16
HealthEquity (HQY) came out with quarterly earnings of $0.80 per share, beating the Zacks Consensus Estimate of $0.66 per share. This compares to earnings of $0.50 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 21.21%. A quarter ago, it was expected that this provider of services for managing health care accounts would post earnings of $0.56 per share when it actually produced earnings of $0.63, delivering a surprise of 12.5 ...
HealthEquity(HQY) - 2025 Q1 - Quarterly Report
2024-06-03 20:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-36568 HEALTHEQUITY, INC. (Exact name of registrant as specified in its charter) Delaware 52-2383166 (State or other jurisdiction of incorporation or organization) (I.R.S. E ...
HealthEquity(HQY) - 2025 Q1 - Quarterly Results
2024-06-03 20:03
HealthEquity Reports First Quarter Ended April 30, 2024 Financial Results Highlights of the first quarter include: Draper, Utah – June 3, 2024 – HealthEquity, Inc. (NASDAQ: HQY) ("HealthEquity" or the "Company"), the nation's largest health savings account ("HSA") custodian, today announced financial results for its first quarter ended April 30, 2024. "Record first quarter HSA sales, greater Enhanced Rates adoption, and timely transition of two of three BenefitWallet tranches made for a great team start to ...
HealthEquity Reports First Quarter Ended April 30, 2024 Financial Results
Newsfilter· 2024-06-03 20:01
Highlights of the first quarter include: Revenue of $287.6 million, an increase of 18% compared to $244.4 million in Q1 FY24. Net income of $28.8 million, compared to $4.1 million in Q1 FY24, with non-GAAP net income of $70.3 million, an increase of 64% compared to $42.8 million in Q1 FY24. Net income per diluted share of $0.33, compared to $0.05 in Q1 FY24, with non-GAAP net income per diluted share of $0.80, compared to $0.50 in Q1 FY24. Adjusted EBITDA of $117.4 million, an increase of 36% compared to $8 ...
HealthEquity Reports First Quarter Ended April 30, 2024 Financial Results
GlobeNewswire News Room· 2024-06-03 20:01
Highlights of the first quarter include: Revenue of $287.6 million, an increase of 18% compared to $244.4 million in Q1 FY24. Net income of $28.8 million, compared to $4.1 million in Q1 FY24, with non-GAAP net income of $70.3 million, an increase of 64% compared to $42.8 million in Q1 FY24. Net income per diluted share of $0.33, compared to $0.05 in Q1 FY24, with non-GAAP net income per diluted share of $0.80, compared to $0.50 in Q1 FY24. Adjusted EBITDA of $117.4 million, an increase of 36% compared to $8 ...
Strength in HSA Likely to Aid HealthEquity's (HQY) Q1 Earnings
ZACKS· 2024-05-30 16:10
HealthEquity, Inc. (HQY) is scheduled to release first-quarter fiscal 2025 results on Jun 3 after the closing bell. In the last reported quarter, the company's earnings per share (EPS) of 63 cents surpassed the Zacks Consensus Estimate by 12.5%. Over the trailing four quarters, its earnings outperformed the Zacks Consensus Estimate on all occasions, delivering an earnings surprise of 17.4%, on average. Let's see how things have shaped up prior to this announcement. Factors at Play Over the past few months, ...
Stay Ahead of the Game With HealthEquity (HQY) Q1 Earnings: Wall Street's Insights on Key Metrics
zacks.com· 2024-05-29 14:17
The collective assessment of analysts points to an estimated 'Total HSA Assets' of $25.82 billion. The estimate compares to the year-ago value of $22.32 billion. Bearing this in mind, let's now explore the average estimates of specific HealthEquity metrics that are commonly monitored and projected by Wall Street analysts. Analysts forecast 'Revenue- Service revenue' to reach $113.48 million. The estimate indicates a year-over-year change of +8%. The consensus estimate for 'Revenue- Custodial revenue' stands ...