Talkspace Inc reports results for the quarter ended September 30 - Earnings Summary

• Talkspace Inc TALK reported quarterly adjusted earnings of 2 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 1 cents. The mean expectation of six analysts for the quarter was for earnings of 2 cents per share. Wall Street expected results to range from 1 cents to 3 cents per share.

• Revenue rose 25.3% to $59.38 million from a year ago; analysts expected $57.47 million.

• Talkspace Inc's reported EPS for the quarter was 2 cents​.

• The company reported quarterly net income of $3.25 million.

• Talkspace Inc shares had risen by 0.4% this quarter and lost 10.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.8% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the healthcare facilities & services peer group is also "buy"

• Wall Street's median 12-month price target for Talkspace Inc is $5.00, about 44.6% above its last closing price of $2.77

This summary was machine generated from LSEG data October 30 at 02:10 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)