Is it time to Buy before this week’s earning report Phreesia Stock Forecast, Price & News (NYSE:PHR)

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Earnings results for Phreesia Stock Forecast, Price & News (NYSE:PHR)

Phreesia, Inc. is expected* to report earnings on 09/08/2020 after market close. The report will be for the fiscal Quarter ending Jul 2020. According to Zacks Investment Research, based on 4 analysts’ forecasts, the consensus EPS forecast for the quarter is $-0.17. The reported EPS for the same quarter last year was $-10.42.

Phreesia last released its quarterly earnings data on June 9th, 2020. The reported ($0.16) earnings per share for the quarter, topping the consensus estimate of ($0.23) by $0.07. The business earned $33.40 million during the quarter, compared to the consensus estimate of $25.92 million. Its revenue was up 18.0% compared to the same quarter last year. Phreesia has generated ($4.50) earnings per share over the last year. Phreesia has confirmed that its next quarterly earnings report will be published on Tuesday, September 8th, 2020.

Analyst Opinion on Phreesia Stock Forecast, Price & News (NYSE:PHR)

10 Wall Street analysts have issued ratings and price targets for Phreesia in the last 12 months. Their average twelve-month price target is $30.30, predicting that the stock has a possible downside of 2.26%. The high price target for PHR is $37.00 and the low price target for PHR is $21.00. There are currently 2 hold ratings and 8 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Phreesia has received a consensus rating of Buy. The company’s average rating score is 2.80, and is based on 8 buy ratings, 2 hold ratings, and no sell ratings. According to analysts’ consensus price target of $30.30, Phreesia has a forecasted downside of 2.3% from its current price of $31.00. Phreesia has only been the subject of 3 research reports in the past 90 days.

Dividend Strength: Phreesia Stock Forecast, Price & News (NYSE:PHR)

Phreesia does not currently pay a dividend. Phreesia does not have a long track record of dividend growth.

Insiders buying/selling: Phreesia Stock Forecast, Price & News (NYSE:PHR)

In the past three months, Phreesia insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,503,937.00 in company stock. Only 28.20% of the stock of Phreesia is held by insiders. 78.38% of the stock of Phreesia is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Phreesia Stock Forecast, Price & News (NYSE:PHR

Earnings for Phreesia are expected to grow in the coming year, from ($0.65) to ($0.43) per share. The P/E ratio of Phreesia is -2.88, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Phreesia is -2.88, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Phreesia has a P/B Ratio of 10.92. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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