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

• Talkspace Inc TALK.OQ reported quarterly breakeven results​​ per share for the quarter ended June 30, identical to the same quarter last year. The mean expectation of five analysts for the quarter was for earnings of one cent per share. Wall Street expected results to range from zero cents to 1 cents per share.

• Revenue rose 17.9% to $54.31 million from a year ago; analysts expected $54.66 million.

• Talkspace Inc's reported EPS for the quarter was breakeven results​.

• The company reported a quarterly loss of $541 thousand.

• Talkspace Inc shares had fallen by 15.1% this quarter and lost 23.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 25% 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 52.8% above its last closing price of $2.36

This summary was machine generated from LSEG data August 5 at 01:32 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)