Talkspace Inc reports results for the quarter ended in March - Earnings Summary

Talkspace,.

07/05/2024 15:38

* Talkspace Inc  TALK.OQ  reported a quarterly adjusted loss
of 1
cent​​ per share for the quarter ended in March, higher than the
same quarter last year, when the company reported EPS of -5
cents.  The mean expectation of three analysts for the quarter
was for a loss of one cent per share. Wall Street expected
results to range from -1 cents tozero cents per share.
    * Revenue rose 36.2% to $45.42 million from a year ago;
analysts
expected $44.50 million. 
    * Talkspace Inc's reported EPS for the quarter was a loss of
1
cent​.
    * The company reported a quarterly loss of $1.47 million.
    * Talkspace Inc shares had fallen by 10.9% this quarter and
gained 25.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 33.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the healthcare
facilities & services peer group is also "buy"

Wall Street's median 12-month price target for Talkspace Inc is
$4.00 
This summary was machine generated from LSEG data May 7 at 02:38
p.m. UTC. ​All figures in US dollars unless otherwise stated.
(For questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      -0.01          -0.01          Met
 Dec. 31 2023      -0.03          -0.01          Beat
 Sep. 30 2023      -0.03          -0.03          Met
 Jun. 30 2023      -0.05          -0.03          Beat