EPS in Focus on Shares of HealthEquity, Inc. (NASDAQ:HQY)

As earnings season comes into focus, active investors may be wondering which companies will beat estimates and which ones will miss when the earnings numbers are posted. Looking at shares of HealthEquity, Inc. (NASDAQ:HQY), we note that the current quarter consensus EPS estimate is 0.2. This estimate is comprised of 8 sell-side analysts polled by Zacks Research. For the previous quarter, the company posted a quarterly EPS of 0.45. Earnings per share is the segment of profit for a company that is allocated to every outstanding share of a company’s common stock. Earnings per share numbers can serve as an indicator for the profitability of a particular company. 

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Market watchers diligently track the companies they think can do well to grow earnings. The goal is typically to discover stocks that are most likely to outperform in the future. Many investors like to keep tabs on sell-side analyst views. Following the direction estimates are trending may provide a deeper glimpse into the health of a company. Investors may need to follow a disciplined system which may help keep emotions in check when making investment decisions. On the other end, it may be necessary to craft a new strategy if the old system isn’t providing the types of expected returns. It can also become very time-consuming to keep up with shorter-term trends and events. Managing the short-term plan with the long-term plan can be difficult given the existing economic climate.

Let’s shift the focus and look at some historical stock price action on shares of HealthEquity, Inc. (NASDAQ:HQY). After a recent market scan, we have seen that the stock has been trading near the $59.95 level. Investors may also be tracking the current stock price in relation to its 52-week high and low. The 52-week high is currently sitting at $100.44, and the 52-week low is $51.99. When the stock starts moving towards the 52-week high or 52-week low, investors may pay added attention to see if there will be a breakthrough that level. Over the last 12 weeks, the stock has moved -23.04%. Since the beginning of the calendar year, we can see that shares have changed 0.5%. Over the past 4 weeks, shares have moved 7.86%. Over the previous 5 sessions, the stock has moved 5.31%.

Sell-side Street analysts often offer stock ratings for companies that they cover. Based on analysts polled by Zacks Research, the present average broker rating on shares of HealthEquity, Inc. (NASDAQ:HQY) is presently 1.18. This average rating includes analysts who have given Sell, Buy and Hold ratings on the equity. This rating uses a numerical recommendation scale from 1 to 5. A score of 1 would represent a Buy recommendation, and a score of 5 would indicate a Sell recommendation. Out of all the analysts providing recommendations, 10 have rated the stock a Strong Buy or Buy, based on data provided by Zacks Research.

Taking a look at some target price information, we note that shares of HealthEquity, Inc. (NASDAQ:HQY) presently have an average target price of $77.64. This is the consensus target price using estimates offered by analysts polled by Zacks Research. Sell-side analysts can calculate price target projections using various methods. Many investors will track stock target prices, especially when analysts make changes to the target. A thorough research report will generally give detailed reasoning for a certain target projection. Some investors may watch sell-side targets very closely and use the data to help with their own stock research.

Investors may be trying to find stocks that are building momentum. Finding these stocks may help bolster the portfolio going into the second half of the year. Investors often look to pounce on any opportunity in the stock market. Without properly being prepared, these opportunities may disappear quickly. Staying on top of fundamentals, technicals, and earnings, may help investors stay prepared. 

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