Phreesia (NYSE:PHR) Expected to Announce Quarterly Sales of $29.32 Million
Equities research analysts forecast that Phreesia (NYSE:PHR) will post $29.32 million in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Phreesia’s earnings, with estimates ranging from $28.53 million to $30.80 million. The firm is expected to report its next quarterly earnings report after the market closes on Monday, September 9th.
According to Zacks, analysts expect that Phreesia will report full-year sales of $118.52 million for the current financial year, with estimates ranging from $118.24 million to $118.90 million. For the next financial year, analysts expect that the company will report sales of $141.87 million, with estimates ranging from $141.61 million to $142.31 million. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Phreesia.
A number of equities analysts have recently commented on PHR shares. Wells Fargo & Co started coverage on shares of Phreesia in a research note on Monday, August 12th. They set an “outperform” rating and a $23.00 price objective for the company. Piper Jaffray Companies set a $33.00 price objective on shares of Phreesia and gave the stock a “buy” rating in a research note on Tuesday. Chardan Capital started coverage on shares of Phreesia in a research note on Tuesday, July 23rd. They set a “buy” rating and a $33.00 price objective for the company. JPMorgan Chase & Co. started coverage on shares of Phreesia in a research note on Tuesday, August 13th. They set an “overweight” rating and a $33.00 price objective for the company. Finally, William Blair started coverage on shares of Phreesia in a research note on Monday, August 12th. They set an “outperform” rating for the company. Five research analysts have rated the stock with a buy rating, Phreesia presently has a consensus rating of “Buy” and an average price target of $30.50.
Shares of Phreesia stock traded up $0.58 during trading hours on Monday, reaching $26.19. 211,379 shares of the company’s stock were exchanged, compared to its average volume of 278,212. The business’s 50 day moving average is $26.67. Phreesia has a fifty-two week low of $22.05 and a fifty-two week high of $29.38.
Phreesia, Inc provides an integrated SaaS-based software and payment platform for the healthcare industry in the United States and Canada. The company's Phreesia Platform offers a suite of solutions to manage the patient intake process and an integrated payments solution for processing of patient payments.
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