The Cooper Companies (COO) Q3 Earnings and Revenues Surpass Estimates
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 28 2024
0mins
Source: NASDAQ.COM
Earnings Performance: The Cooper Companies reported quarterly earnings of $0.96 per share, exceeding estimates and showing a year-over-year increase from $0.84. The company also achieved revenues of $1 billion, surpassing expectations and reflecting growth from $930.2 million the previous year.
Future Outlook: Despite underperforming the market in 2024, The Cooper Companies holds a Zacks Rank #2 (Buy), indicating potential for future outperformance based on favorable earnings estimate revisions. Investors are advised to monitor industry trends as they can significantly impact stock performance.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy HQY?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on HQY
Wall Street analysts forecast HQY stock price to rise
11 Analyst Rating
9 Buy
1 Hold
1 Sell
Moderate Buy
Current: 73.210
Low
89.00
Averages
117.09
High
129.00
Current: 73.210
Low
89.00
Averages
117.09
High
129.00
About HQY
HealthEquity, Inc. is engaged in providing technology-enabled services that enables consumers to make healthcare saving and spending decisions. The Company uses its technology to manage consumer tax-advantaged health savings accounts (HSAs) and other consumer-directed benefits (CDBs) offered by employers, including flexible spending accounts and health reimbursement arrangements (FSAs and HRAs), and to administer Consolidated Omnibus Budget Reconciliation Act (COBRA), commuter and other benefits. It provides consumers with payment processing services, personalized benefit information, the ability to earn wellness incentives, and investment advice. It offers an investment platform and access to an online-only automated investment advisory service to all of its members whose account balances exceed a stated threshold. It administers pre-tax commuter benefit programs through which employers are permitted to provide employees with commuter benefits including qualified transit and parking.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
White House Unveils Healthcare Plan to Slash Drug Prices and Transform Industry Dynamics
- Drug Price Reform: The White House's unveiling of 'The Great Healthcare Plan' on January 15, 2026, aims to significantly reduce prescription drug prices through 'Most-Favored-Nation' pricing agreements, alleviating consumer burdens and reshaping the pharmaceutical market landscape.
- Subsidy Shift: By redirecting insurance subsidies directly to consumers instead of insurers, the plan is expected to lower insurance costs and enhance consumer choice, thereby impacting the revenue models of traditional insurance companies.
- Retail Pharmacy Gains: The proposal to allow more prescription drugs to be sold over-the-counter will directly boost sales for retail pharmacies like Walmart, increasing foot traffic and enhancing the profitability of their clinic operations.
- Portfolio Reevaluation: Investors are advised to reassess their ETF portfolios, prioritizing companies that benefit from the new policies, such as HealthEquity and the iShares U.S. Pharmaceuticals ETF, while avoiding middlemen companies facing regulatory pressures.
See More
HealthEquity Inc (HQY) Shares Oversold with RSI at 28.8
- Oversold Signal: HealthEquity Inc (HQY) shares dropped to $84.505 on Monday, with an RSI of 28.8, indicating that the recent heavy selling may be exhausting, potentially providing entry points for bullish investors.
- Market Comparison: Compared to the S&P 500 ETF (SPY) with an RSI of 67.4, HQY's 28.8 RSI suggests relative weakness, which may attract investors looking for undervalued opportunities.
- Historical Performance: HQY's 52-week low is $74.07 and high is $116.65, with the current trading price of $84.55 reflecting its performance within this range, prompting a reassessment by investors.
- Investor Sentiment: While the stock is currently oversold, investors should cautiously evaluate market trends to avoid making impulsive decisions in an uncertain market environment.
See More
US Stock Market Rallies, S&P 500 Hits All-Time High
- Strong Labor Market: The US unemployment rate fell to 4.4% in December, below the expected 4.5%, indicating labor market resilience and boosting investor confidence in economic recovery.
- Wage Growth Exceeds Expectations: Average hourly earnings rose 3.8% year-over-year in December, surpassing the 3.6% forecast, which not only enhances consumer spending power but also supports economic growth.
- Consumer Confidence Rebounds: The University of Michigan's January consumer sentiment index increased to 54.0, exceeding expectations of 53.5, suggesting growing optimism among consumers about the economic outlook, potentially driving future consumption.
- Global Market Synchronization: European and Chinese stock markets rallied in tandem, contributing to gains in the US stock market, reflecting the potential for global economic recovery and further enhancing investor risk appetite.
See More
Trump Proposes $200 Billion Mortgage Bond Purchase to Boost Housing Demand
- Housing Market Boost: President Trump proposed that Fannie Mae and Freddie Mac purchase $200 billion in mortgage bonds to lower long-term rates and stimulate housing demand, which could lead to a recovery in the construction sector and an increase in related stock prices.
- Employment Data Impact: U.S. nonfarm payrolls rose by 50,000 in December, below the expected 70,000, although the unemployment rate fell to 4.4%, indicating labor market resilience that may influence the Fed's monetary policy direction.
- Consumer Confidence Rise: The University of Michigan's consumer sentiment index rose to 54.0 in January, exceeding expectations of 53.5, suggesting that consumer optimism about the economic outlook could boost spending.
- Global Market Linkage: U.S. stocks are supported by rallies in global equity markets, with Europe’s Euro Stoxx 50 reaching a new record high and China’s Shanghai Composite Index climbing to a 10.5-year high, reflecting positive sentiment in international markets impacting the U.S. market.
See More
Trump Proposes $200 Billion Mortgage Bond Purchase to Boost Housing Demand
- Housing Market Stimulus: President Trump proposed that Fannie Mae and Freddie Mac purchase $200 billion in mortgage bonds to lower long-term rates and stimulate housing demand, potentially reviving the construction sector.
- Employment Data Insight: The U.S. added 50,000 nonfarm jobs in December, falling short of the 70,000 expected, while the unemployment rate dropped to 4.4%, indicating labor market resilience that may influence future monetary policy.
- Building Permit Growth: Despite October housing starts unexpectedly falling to a 5.5-year low, building permits rose to 1.412 million, exceeding expectations of 1.35 million, suggesting a potential rebound in future construction activity.
- Global Market Impact: U.S. stocks are buoyed by a rebound in global markets, with the Euro Stoxx 50 reaching a new record high, reflecting international investor confidence in the U.S. economy, which may further drive capital inflows.
See More
No Instant Solution for Rising Health Insurance Expenses: These Accounts May Provide Assistance.
- Rising Insurance Premiums: Insurance premiums are expected to increase significantly next year, affecting millions of Americans.
- Increased Interest in Health Savings Accounts: As a response to rising costs, more Americans may consider utilizing health savings accounts (HSAs) for managing healthcare expenses.
See More
White House Unveils Healthcare Plan to Slash Drug Prices and Transform Industry Dynamics
- Drug Price Reform: The White House's unveiling of 'The Great Healthcare Plan' on January 15, 2026, aims to significantly reduce prescription drug prices through 'Most-Favored-Nation' pricing agreements, alleviating consumer burdens and reshaping the pharmaceutical market landscape.
- Subsidy Shift: By redirecting insurance subsidies directly to consumers instead of insurers, the plan is expected to lower insurance costs and enhance consumer choice, thereby impacting the revenue models of traditional insurance companies.
- Retail Pharmacy Gains: The proposal to allow more prescription drugs to be sold over-the-counter will directly boost sales for retail pharmacies like Walmart, increasing foot traffic and enhancing the profitability of their clinic operations.
- Portfolio Reevaluation: Investors are advised to reassess their ETF portfolios, prioritizing companies that benefit from the new policies, such as HealthEquity and the iShares U.S. Pharmaceuticals ETF, while avoiding middlemen companies facing regulatory pressures.
See More
HealthEquity Inc (HQY) Shares Oversold with RSI at 28.8
- Oversold Signal: HealthEquity Inc (HQY) shares dropped to $84.505 on Monday, with an RSI of 28.8, indicating that the recent heavy selling may be exhausting, potentially providing entry points for bullish investors.
- Market Comparison: Compared to the S&P 500 ETF (SPY) with an RSI of 67.4, HQY's 28.8 RSI suggests relative weakness, which may attract investors looking for undervalued opportunities.
- Historical Performance: HQY's 52-week low is $74.07 and high is $116.65, with the current trading price of $84.55 reflecting its performance within this range, prompting a reassessment by investors.
- Investor Sentiment: While the stock is currently oversold, investors should cautiously evaluate market trends to avoid making impulsive decisions in an uncertain market environment.
See More
US Stock Market Rallies, S&P 500 Hits All-Time High
- Strong Labor Market: The US unemployment rate fell to 4.4% in December, below the expected 4.5%, indicating labor market resilience and boosting investor confidence in economic recovery.
- Wage Growth Exceeds Expectations: Average hourly earnings rose 3.8% year-over-year in December, surpassing the 3.6% forecast, which not only enhances consumer spending power but also supports economic growth.
- Consumer Confidence Rebounds: The University of Michigan's January consumer sentiment index increased to 54.0, exceeding expectations of 53.5, suggesting growing optimism among consumers about the economic outlook, potentially driving future consumption.
- Global Market Synchronization: European and Chinese stock markets rallied in tandem, contributing to gains in the US stock market, reflecting the potential for global economic recovery and further enhancing investor risk appetite.
See More
Trump Proposes $200 Billion Mortgage Bond Purchase to Boost Housing Demand
- Housing Market Boost: President Trump proposed that Fannie Mae and Freddie Mac purchase $200 billion in mortgage bonds to lower long-term rates and stimulate housing demand, which could lead to a recovery in the construction sector and an increase in related stock prices.
- Employment Data Impact: U.S. nonfarm payrolls rose by 50,000 in December, below the expected 70,000, although the unemployment rate fell to 4.4%, indicating labor market resilience that may influence the Fed's monetary policy direction.
- Consumer Confidence Rise: The University of Michigan's consumer sentiment index rose to 54.0 in January, exceeding expectations of 53.5, suggesting that consumer optimism about the economic outlook could boost spending.
- Global Market Linkage: U.S. stocks are supported by rallies in global equity markets, with Europe’s Euro Stoxx 50 reaching a new record high and China’s Shanghai Composite Index climbing to a 10.5-year high, reflecting positive sentiment in international markets impacting the U.S. market.
See More
Trump Proposes $200 Billion Mortgage Bond Purchase to Boost Housing Demand
- Housing Market Stimulus: President Trump proposed that Fannie Mae and Freddie Mac purchase $200 billion in mortgage bonds to lower long-term rates and stimulate housing demand, potentially reviving the construction sector.
- Employment Data Insight: The U.S. added 50,000 nonfarm jobs in December, falling short of the 70,000 expected, while the unemployment rate dropped to 4.4%, indicating labor market resilience that may influence future monetary policy.
- Building Permit Growth: Despite October housing starts unexpectedly falling to a 5.5-year low, building permits rose to 1.412 million, exceeding expectations of 1.35 million, suggesting a potential rebound in future construction activity.
- Global Market Impact: U.S. stocks are buoyed by a rebound in global markets, with the Euro Stoxx 50 reaching a new record high, reflecting international investor confidence in the U.S. economy, which may further drive capital inflows.
See More
No Instant Solution for Rising Health Insurance Expenses: These Accounts May Provide Assistance.
- Rising Insurance Premiums: Insurance premiums are expected to increase significantly next year, affecting millions of Americans.
- Increased Interest in Health Savings Accounts: As a response to rising costs, more Americans may consider utilizing health savings accounts (HSAs) for managing healthcare expenses.
See More
