Healthequity Inc (NASDAQ:HQY) posted better-than-expected earnings for the fourth quarter on Tuesday.
The company posted adjusted earnings of 95 cents per share, beating market estimates of 90 cents per share. The company’s sales came in at $334.586 million versus expectations of $333.046 million.
HealthEquity said it sees FY2027 adjusted EPS of $4.56-$4.65, versus market estimates of $4.54. The company raised its FY2027 sales guidance from $1.380 billion-$1.410 billion to $1.405 billion-$1.415 billion.
“We are raising our fiscal 2027 guidance after delivering record new HSAs from sales and significant margin expansion,” said Scott Cutler, President and CEO of HealthEquity. “Adjusted EBITDA increased 23% in the fourth quarter with Adjusted EBITDA margin expanding more than 500 basis points to 40%, …