$62.37 Million in Sales Expected for HealthStream, Inc. (HSTM) This Quarter
Wall Street brokerages predict that HealthStream, Inc. (NASDAQ:HSTM) will announce $62.37 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for HealthStream’s earnings. The highest sales estimate is $63.92 million and the lowest is $61.10 million. HealthStream posted sales of $58.74 million in the same quarter last year, which suggests a positive year-over-year growth rate of 6.2%. The firm is scheduled to report its next earnings report on Tuesday, February 20th.
According to Zacks, analysts expect that HealthStream will report full-year sales of $62.37 million for the current fiscal year, with estimates ranging from $246.00 million to $248.15 million. For the next year, analysts anticipate that the firm will report sales of $268.72 million per share, with estimates ranging from $263.56 million to $272.62 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow HealthStream.
HealthStream (NASDAQ:HSTM) last issued its earnings results on Monday, October 23rd. The technology company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.03. HealthStream had a return on equity of 2.46% and a net margin of 2.36%. The business had revenue of $63.60 million for the quarter, compared to analyst estimates of $62.48 million. During the same quarter last year, the company earned $0.04 EPS. The business’s quarterly revenue was up 8.9% on a year-over-year basis.
Several hedge funds have recently made changes to their positions in HSTM. Janus Henderson Group PLC purchased a new position in shares of HealthStream in the 2nd quarter valued at approximately $23,186,000. Emerald Mutual Fund Advisers Trust purchased a new position in shares of HealthStream in the 3rd quarter valued at approximately $5,643,000. Conestoga Capital Advisors LLC grew its stake in shares of HealthStream by 14.3% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,497,650 shares of the technology company’s stock valued at $35,000,000 after purchasing an additional 186,948 shares during the last quarter. FMR LLC grew its stake in shares of HealthStream by 2.5% in the 2nd quarter. FMR LLC now owns 4,733,510 shares of the technology company’s stock valued at $124,586,000 after purchasing an additional 116,309 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of HealthStream by 4.0% in the 2nd quarter. Vanguard Group Inc. now owns 2,324,958 shares of the technology company’s stock valued at $61,193,000 after purchasing an additional 89,220 shares during the last quarter. Institutional investors own 74.32% of the company’s stock.
Shares of HealthStream (NASDAQ HSTM) opened at $23.43 on Thursday. HealthStream has a 12-month low of $20.60 and a 12-month high of $31.53. The firm has a market capitalization of $751.16, a PE ratio of 130.17, a PEG ratio of 4.99 and a beta of 0.91.
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HealthStream, Inc (HealthStream) provides workforce, patient experience and provider solutions for healthcare organizations. The Company operates in three segments: HealthStream Workforce Solutions, HealthStream Patient Experience Solutions and HealthStream Provider Solutions. HealthStream’s products and services are organized into three segments: Workforce Solutions, Patient Experience Solutions, and Provider Solutions.
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