Healthcare technology company Phreesia (NYSE:PHR) will be reporting results tomorrow after the bell. Here’s what to look for.
Phreesia beat analysts’ revenue expectations by 0.6% last quarter, reporting revenues of $106.8 million, up 16.6% year on year. It was an exceptional quarter for the company, with an impressive beat of analysts’ EPS estimates and full-year EBITDA guidance exceeding analysts’ expectations. It added 68 customers to reach a total of 4,237.
Is Phreesia a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Phreesia’s revenue to grow 14.7% year on year to $109 million, slowing from the 24.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.11 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Phreesia has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 1.5% on average.
Looking at Phreesia’s peers in the healthcare technology for providers segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Privia Health delivered year-on-year revenue growth of 4.6%, beating analysts’ expectations by 9.4%, and Astrana Health reported revenues up 88.4%, topping estimates by 6.9%. Privia Health traded up 3.8% following the results while Astrana Health was down 27%.
Read our full analysis of Privia Health’s results here and Astrana Health’s results here.
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