Healthcare Technology Stocks Q4 In Review: Hims & Hers Health (NYSE:HIMS) Vs Peers

Let’s dig into the relative performance of Hims & Hers Health (NYSE:HIMS) and its peers as we unravel the now-completed Q4 healthcare technology earnings season.

Healthcare Technology

The 9 healthcare technology stocks we track reported a slower Q4. As a group, revenues beat analysts’ consensus estimates by 2.3% while next quarter’s revenue guidance was in line.

Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 17.7% since the latest earnings results.

Hims & Hers Health (NYSE:HIMS)

Originally launched with a focus on stigmatized conditions like hair loss and sexual health, Hims & Hers Health (NYSE:HIMS) operates a consumer-focused telehealth platform that connects patients with healthcare providers for prescriptions and wellness products.

Hims & Hers Health reported revenues of $481.1 million, up 95.1% year on year. This print exceeded analysts’ expectations by 2.2%. Overall, it was a satisfactory quarter for the company with full-year revenue guidance exceeding analysts’ expectations.

“2024 was a fantastic year at Hims and Hers as we continue to build a platform that leverages personalization and technology unlike any traditional healthcare system,” said Andrew Dudum, co-founder and CEO.Hims & Hers Health Total Revenue

Hims & Hers Health achieved the fastest revenue growth and highest full-year guidance raise of the whole group. The company added 182,000 customers to reach a total of 2.23 million. Even though it had a relatively good quarter, the market seems discontent with the results. The stock is down 0.6% since reporting and currently trades at $27.49.

Is now the time to buy Hims & Hers Health? Access our full analysis of the earnings results here, it’s free.

Best Q4: Phreesia (NYSE:PHR)

Founded in 2005 to streamline the traditionally paper-heavy patient check-in process, Phreesia (NYSE:PHR) provides software solutions that automate patient intake, registration, and payment processes for healthcare organizations while improving patient engagement in their care.

Phreesia reported revenues of $109.7 million, up 15.4% year on year, outperforming analysts’ expectations by 0.7%. The business had a strong quarter with an impressive beat of analysts’ EPS estimates and full-year EBITDA guidance topping analysts’ expectations.Phreesia Total Revenue

However, the results were likely priced into the stock as it’s traded sideways since reporting. Shares currently sit at $24.03.

Is now the time to buy Phreesia? Access our full analysis of the earnings results here, it’s free.

Weakest Q4: Evolent Health (NYSE:EVH)

Founded in 2011 to transform how healthcare is delivered to patients with complex needs, Evolent Health (NYSE:EVH) provides specialty care management services and technology solutions that help health plans and providers deliver better care for patients with complex conditions.

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Evolent Health reported revenues of $646.5 million, up 16.3% year on year, falling short of analysts’ expectations by 0.7%. It was a softer quarter as it posted a significant miss of analysts’ EPS estimates and EBITDA guidance for next quarter missing analysts’ expectations.

Evolent Health delivered the weakest performance against analyst estimates and weakest full-year guidance update in the group. As expected, the stock is down 15.8% since the results and currently trades at $9.04.

Read our full analysis of Evolent Health’s results here.

Astrana Health (NASDAQ:ASTH)

Formerly known as Apollo Medical Holdings until early 2024, Astrana Health (NASDAQ:ASTH) operates a technology-powered healthcare platform that enables physicians to deliver coordinated care while successfully participating in value-based payment models.

Astrana Health reported revenues of $665.2 million, up 88.4% year on year. This print topped analysts’ expectations by 6.9%. Zooming out, it was a mixed quarter as it also logged full-year revenue guidance beating analysts’ expectations.

The stock is down 3.7% since reporting and currently trades at $33.39.

Read our full, actionable report on Astrana Health here, it’s free.

GoodRx (NASDAQ:GDRX)

Started in 2011 to tackle the problem of high prescription drug costs in America, GoodRx (NASDAQ:GDRX) operates a digital platform that helps consumers find lower prices on prescription medications through price comparison tools and discount codes.

GoodRx reported revenues of $198.6 million, flat year on year. This result lagged analysts' expectations by 0.6%. It was a slower quarter as it also recorded a significant miss of analysts’ EPS estimates.

The company added 100,000 customers to reach a total of 6.6 million. The stock is down 4.2% since reporting and currently trades at $4.67.

Read our full, actionable report on GoodRx here, it’s free.

Market Update

Thanks to the Fed’s rate hikes in 2022 and 2023, inflation has been on a steady path downward, easing back toward that 2% sweet spot. Fortunately (miraculously to some), all this tightening didn’t send the economy tumbling into a recession, so here we are, cautiously celebrating a soft landing. The cherry on top? Recent rate cuts (half a point in September 2024, a quarter in November) have propped up markets, especially after Trump’s November win lit a fire under major indices and sent them to all-time highs. However, there’s still plenty to ponder — tariffs, corporate tax cuts, and what 2025 might hold for the economy.

Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Quality Compounder Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.

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