HealthEquity raises FY24 EPS view to $1.97-$2.06 from $1.88-$1.97

Consensus $1.92. Raises FY24 revenue view $980M-$990M from $975M-$985M, consensus $981.07M. The company said, “For the fiscal year ending January 31, 2024, management expects revenue of $980 million to $990 million. Its outlook for net income is between $19 million and $24 million, resulting in net income of $0.21 to $0.27 per diluted share. Its outlook for non-GAAP net income, calculated using the method described below, is between $171 million and $179 million, resulting in non-GAAP net income per diluted share of $1.97 to $2.06 (based on an estimated 87 million diluted weighted-average shares outstanding). Management expects Adjusted EBITDA of $338 million to $348 million.”