$0.07 EPS Expected for HealthStream, Inc. (HSTM) This Quarter

Wall Street analysts predict that HealthStream, Inc. (NASDAQ:HSTM) will announce earnings per share of $0.07 for the current quarter, Zacks reports. Two analysts have provided estimates for HealthStream’s earnings, with the highest EPS estimate coming in at $0.07 and the lowest estimate coming in at $0.06. HealthStream posted earnings of $0.11 per share during the same quarter last year, which would indicate a negative year over year growth rate of 36.4%. The company is expected to announce its next earnings results after the market closes on Monday, April 22nd.

On average, analysts expect that HealthStream will report full year earnings of $0.31 per share for the current fiscal year, with EPS estimates ranging from $0.28 to $0.33. For the next financial year, analysts forecast that the firm will report earnings of $0.38 per share, with EPS estimates ranging from $0.35 to $0.40. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover HealthStream.

HealthStream (NASDAQ:HSTM) last released its quarterly earnings data on Tuesday, February 19th. The technology company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.04. The business had revenue of $59.83 million for the quarter, compared to analysts’ expectations of $58.96 million. HealthStream had a return on equity of 4.39% and a net margin of 13.91%. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.10 EPS.

Several research firms recently issued reports on HSTM. BidaskClub cut HealthStream from a “buy” rating to a “hold” rating in a research report on Friday, April 5th. ValuEngine upgraded shares of HealthStream from a “hold” rating to a “buy” rating in a research note on Monday, April 1st. Finally, Zacks Investment Research lowered shares of HealthStream from a “buy” rating to a “hold” rating in a research note on Friday, January 18th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $26.80.

HSTM stock traded up $0.16 during midday trading on Friday, hitting $27.09. The company’s stock had a trading volume of 89,559 shares, compared to its average volume of 99,418. The stock has a market capitalization of $910.16 million, a PE ratio of 63.00, a price-to-earnings-growth ratio of 6.24 and a beta of 0.74. HealthStream has a 12 month low of $23.06 and a 12 month high of $31.86.

A number of institutional investors and hedge funds have recently made changes to their positions in HSTM. Wells Fargo & Company MN raised its stake in HealthStream by 5.8% during the 3rd quarter. Wells Fargo & Company MN now owns 42,062 shares of the technology company’s stock valued at $1,304,000 after buying an additional 2,307 shares during the last quarter. Alliancebernstein L.P. increased its stake in shares of HealthStream by 219.8% in the 3rd quarter. Alliancebernstein L.P. now owns 90,940 shares of the technology company’s stock worth $2,820,000 after purchasing an additional 62,500 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of HealthStream by 3.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 302,406 shares of the technology company’s stock worth $9,377,000 after purchasing an additional 8,966 shares in the last quarter. BlackRock Inc. increased its stake in shares of HealthStream by 6.7% in the 3rd quarter. BlackRock Inc. now owns 3,988,432 shares of the technology company’s stock worth $123,681,000 after purchasing an additional 248,872 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of HealthStream by 1.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,522,759 shares of the technology company’s stock worth $47,220,000 after purchasing an additional 14,617 shares in the last quarter. Institutional investors and hedge funds own 71.95% of the company’s stock.

About HealthStream

HealthStream, Inc provides workforce and provider solutions for healthcare organizations in the United States. It operates through two segments, Workforce Solutions and Provider Solutions. The company offers workforce solutions, including software-as-a-service (SaaS) based services and subscription-based solutions to meet the training, certification, assessment, development, clinical development, talent management, performance appraisal, and other needs, as well as training, implementation, and account management services for the healthcare community.

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