Accolade (ACCD) Reports Q3 Loss, Lags Revenue Estimates

Core Insights - Accolade reported a quarterly loss of $0.30 per share, slightly better than the Zacks Consensus Estimate of a loss of$0.31, and compared to a loss of $0.28 per share a year ago, indicating an earnings surprise of 3.23$105.06 million for the quarter ended November 2024, missing the Zacks Consensus Estimate by 0.89%, but showing an increase from $99.37 million in the same quarter last year [2] - Accolade's stock has increased approximately 100.6$0.05 on revenues of $142.62 million, while for the current fiscal year, the estimate is -$0.92 on revenues of $465.14 million [7] - The estimate revisions trend for Accolade is mixed, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market in the near future [6] Industry Context - The Technology Services industry, to which Accolade belongs, is currently ranked in the top 30$0.11 per share, reflecting a year-over-year increase of 37.5%, with revenues projected at $778.89 million, up 28% from the previous year [9]