HealthEquity, Inc. (HQY) is scheduled to report its fourth-quarter and full-year results on March 19. Wall Street expects the company’s fourth-quarter EPS and revenue to increase 57.7% and 10.7% year-over-year to $0.58 and $258.90 million, respectively. In this piece, I have discussed why it could be wise to wait for a better entry point in the stock despite the expected rise in revenue and earnings.
HQY has a stellar earnings history, having beaten the consensus EPS estimate in each of the trailing four quarters. For the fiscal year ended January 31, 2024, HQY revised its outlook, with revenue expected between $995 million to $1 billion. The company’s non-GAAP net income and EPS are now expected to be between $191 million and $195 million and between $2.20 and $2.24, respectively.
