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Health Catalyst (HCAT) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
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Health Catalyst (HCAT - Free Report) reported $74.72 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 1.2%. EPS of $0.05 for the same period compares to $0.05 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $74.81 million, representing a surprise of -0.11%. The company delivered an EPS surprise of +66.67%, with the consensus EPS estimate being $0.03.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Health Catalyst performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Professional services: $27.76 million versus the six-analyst average estimate of $27.33 million. The reported number represents a year-over-year change of +4%.
Revenue- Technology: $46.97 million compared to the $47.45 million average estimate based on six analysts. The reported number represents a change of -0.5% year over year.
Adjusted Gross Profit- Professional Services: $6.16 million compared to the $4.29 million average estimate based on six analysts.
Adjusted Gross Profit- Technology: $32.16 million versus the six-analyst average estimate of $32.49 million.
Shares of Health Catalyst have returned +6.7% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Health Catalyst (HCAT) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
Health Catalyst (HCAT - Free Report) reported $74.72 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 1.2%. EPS of $0.05 for the same period compares to $0.05 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $74.81 million, representing a surprise of -0.11%. The company delivered an EPS surprise of +66.67%, with the consensus EPS estimate being $0.03.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Health Catalyst performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Professional services: $27.76 million versus the six-analyst average estimate of $27.33 million. The reported number represents a year-over-year change of +4%.
- Revenue- Technology: $46.97 million compared to the $47.45 million average estimate based on six analysts. The reported number represents a change of -0.5% year over year.
- Adjusted Gross Profit- Professional Services: $6.16 million compared to the $4.29 million average estimate based on six analysts.
- Adjusted Gross Profit- Technology: $32.16 million versus the six-analyst average estimate of $32.49 million.
View all Key Company Metrics for Health Catalyst here>>>Shares of Health Catalyst have returned +6.7% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.