Phreesia reported second-quarter revenue of $129.46 million, up 10.4% year over year, but slightly below the Zacks Consensus Estimate of $129.63 million, while EPS of $0.03 missed the consensus estimate of $0.11. Among key metrics, average healthcare services clients came in at 4,744 versus the estimated 4,747, and total managed payments reached $1.63 billion against the $1.76 billion estimate. Subscription and related services revenue fell 1.9% to $52.7 million, slightly below the $52.98 million estimate, while network solutions revenue of $38.27 million beat the $35.58 million estimate, and payment solutions revenue of $38.49 million missed the $40.46 million estimate. Shares have gained 3.5% over the past month, outperforming the S&P 500's 2% rise, and the stock holds a Zacks Rank #3 (Hold).
Phreesia IncQ2 revenue and EPS missed estimates, with subscription revenue and managed payments below consensus.
