Talkspace (TALK) Set to Announce Earnings on Tuesday

Talkspace (NASDAQ:TALK) will issue its quarterly earnings data before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of ($0.02) per share for the quarter. Talkspace has set its FY 2024 guidance at EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

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

Talkspace Price Performance

Shares of TALK opened at $3.17 on Monday. The firm has a 50-day moving average of $3.26 and a 200-day moving average of $2.57. Talkspace has a one year low of $0.74 and a one year high of $3.92. The company has a market cap of $537.76 million, a PE ratio of -26.42 and a beta of 1.29.

Wall Street Analysts Forecast Growth

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

About Talkspace

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.