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 ...

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 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 ...

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 ...

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, 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, ...

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 ...

HealthEquity, Inc. (HQY) has been gaining from its business model and strategy. The optimism led by a solid fourth-quarter performance and strength in Health Savings Accounts (HSA) is expected to contribute further. However, stiff competition and the possibility of unsuccessful integration of acquisitions are major downsides. So far this year, this Zacks Rank #2 (Buy) company has gained 19.5% compared with the 5.2% rise of the industry and the S&P 500's 12.1% growth. This renowned provider of technology-ena ...

HealthEquity (HQY) recently announced the completion of the acquisition of Conduent's BenefitWallet Health Savings Account (HSA) portfolio. In September 2023, HealthEquity entered into an agreement to acquire the BenefitWallet HSA portfolio from Conduent Business Services, LLC Price Performance In the past six months, HQY shares have gained 12.7% compared with the industry's rise of 13.0%. The S&P 500 has gained 17.7% in the same time frame. Image Source: Zacks Investment Research More on the Agreement The ...

DRAPER, Utah, May 07, 2024 (GLOBE NEWSWIRE) -- HealthEquity, Inc. (NASDAQ:HQY) ("HealthEquity" or the "Company"), the nation's largest health savings account ("HSA") custodian, today announced plans to release its first quarter of fiscal 2025 financial results following the close of regular stock market trading hours on Monday, June 3, 2024. Following the news release, HealthEquity management plans to host a conference call for investors on Monday, June 3, 2024, at 4:30 p.m. Eastern Time during which manage ...