HealthEquity Inc. has updated its earnings outlook for its fiscal year ending Jan. 31, 2018.
The company has increased its expectations throughout the year since setting guidance for the fiscal year in March. With its latest update, the company narrowed the outlook range for revenue to $225.0 million to $228.0 million and for net income to $43.0 million to $45.0 million. Adjusted EBITDA is expected to be between $80.0 million and $83.0 million.
Non-GAAP net income is expected to be between $39.0 million and $41.0 million. These expectations result in a non-GAAP net income per-share range of between 64 cents and 66 cents.
The S&P Capital IQ consensus normalized EPS estimate for fiscal 2018 is 68 cents.
HealthEquity also reported fiscal third-quarter net income of $10.5 million, or 17 cents per share, compared with $6.0 million, or 10 cents per share, in the year-ago period. Non-GAAP net income for the quarter ended Oct. 31 was $10 million, or 17 cents per share.
The S&P Capital IQ consensus normalized EPS estimate for the fiscal third quarter was 16 cents.
