HealthEquityNASDAQ: HQY

On Tuesday, health tech services provider HealthEquity disclosed in a filing with federal regulators that it had suffered a data breach, in which hackers stole the “protected health information” of some customers.

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HealthEquity's (HQY) sustained strength in HSAs raises optimism about the stock.

HealthEquity Inc NASDAQ: HQY is one of the nation's largest providers of health savings accounts (HSA) and consumer-directed benefits (CDB) services. Its platform enables individuals to open, transfer, and conveniently manage HSAs and businesses to administer them seamlessly.

HealthEquity (HQY) witnesses solid growth in HSAs, besides recording robust performances in all its segments, in the first quarter of fiscal 2025.

While the top- and bottom-line numbers for HealthEquity (HQY) give a sense of how the business performed in the quarter ended April 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

HealthEquity (HQY) came out with quarterly earnings of $0.80 per share, beating the Zacks Consensus Estimate of $0.66 per share. This compares to earnings of $0.50 per share a year ago.

Highlights of the first quarter include: Revenue of $287.6 million, an increase of 18% compared to $244.4 million in Q1 FY24. Net income of $28.8 million, compared to $4.1 million in Q1 FY24, with non-GAAP net income of $70.3 million, an increase of 64% compared to $42.8 million in Q1 FY24.

Besides Wall Street's top -and-bottom-line estimates for HealthEquity (HQY), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended April 2024.