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Phreesia Inc. Up 17.71% To $31.37 After Earnings Miss

Friday, December 09, 2022 03:41 PM | InvestorsObserver Analysts

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Phreesia Inc. Up 17.71% To $31.37 After Earnings Miss

Phreesia Inc. (PHR) said after close Thursday that it lost $0.76 per share in quarter three 2023.

On the revenue line, the company reported $73.1 million, beating estimates by $2.2 million.

In the same quarter a year ago, the company lost $0.46 per share on revenue of $55.9 million.

The stock is up 17.71% to $31.37 after the report.

The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.

The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.

Trading in the five days leading up to the report earned Phreesia Inc. a Bearish Sentiment Rank from InvestorsObserver.

Phreesia Inc. has been a strong performer over the past few months, garnering a high Long-Term Technical Rank by InvestorsObserver of 76, putting Phreesia Inc. in the top 25% of stocks. The firm set a 52-week low on May 12, 2022 at $13.19 and set a 52-week high on December 9, 2021 at $49.86.

Phreesia Inc is a provider of comprehensive software solutions that improves the operational and financial performance of healthcare organizations by activating patients in their care to optimize patient health outcomes. Through its SaaS-based technology platform, it offers healthcare services clients' a robust suite of integrated solutions that manage patient access, registration, payments and clinical support. The Phreesia Platform encompasses a comprehensive range of technologies and services, including, but not limited to, initial patient contact, registration, appointment scheduling, payments and post-appointment patient surveys.

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