Talkspace (TALK) Set to Announce Quarterly Earnings on Tuesday

Talkspace (NASDAQ:TALK) will be releasing its earnings data before the market opens on Tuesday, May 7th. Analysts expect Talkspace to post earnings of ($0.02) per share for the quarter. Talkspace has set its FY 2024 guidance at EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

Talkspace (NASDAQ:TALK) last posted its quarterly earnings data on Thursday, February 22nd. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. The business had revenue of $42.42 million during the quarter, compared to the consensus estimate of $38.30 million. Talkspace had a negative net margin of 12.78% and a negative return on equity of 16.06%. During the same quarter last year, the company posted ($0.08) earnings per share. On average, analysts expect Talkspace to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Talkspace Stock Performance

Shares of TALK stock opened at $3.17 on Friday. Talkspace has a 52 week low of $0.74 and a 52 week high of $3.92. The firm’s 50-day simple moving average is $3.26 and its two-hundred day simple moving average is $2.57. The firm has a market cap of $537.76 million, a price-to-earnings ratio of -26.41 and a beta of 1.29.

Wall Street Analyst Weigh In

A number of research firms recently commented on TALK. Barclays lifted their price target on shares of Talkspace from $2.50 to $3.00 and gave the stock an “equal weight” rating in a report on Friday, February 23rd. TheStreet upgraded Talkspace from a “d” rating to a “c-” rating in a research note on Thursday, February 22nd.

Talkspace Company Profile

Talkspace, Inc operates as a virtual behavioral healthcare company in the United States. The company offers psychotherapy and psychiatry services through its platform to individuals, enterprises, and health plans and employee assistance programs. It provides text, audio, and video-based psychotherapy from licensed therapists.