Why Phreesia Stock Tumbled Today
Yahoo Finance ·
Next-generation healthcare tech stock Phressia ( PHR -6.33% ) was looking quite under the weather on Thursday. After it published its latest set of quarterly figures just after market close the day before, its equity was hit by a determined sell-off. It closed down more than 6% on Thursday. Phreesia, which automates numerous processes underpinning the patient-doctor relationship, posted revenue of $129.5 million in its second quarter of fiscal 2027. That bettered the year-ago result by 10%, and was on the back of a 6% rise in the average number of healthcare services clients (AHSCs, a crucial metric for the company). Net income under generally accepted accounting principles (GAAP) zoomed much higher, rising almost threefold to $1.9 million, or $0.03 per share. However, analysts tracking Phreesia stock were expecting an even higher bounce. Their consensus estimate for net profit was $0.09 per share. On the top line, the company edged past the average pundit projection of just under $129.1 million.
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