Premier Inc reports results for the quarter ended in December - Earnings Summary

Premier

06/02/2024 12:31

* Premier Inc  PINC.OQ  reported quarterly adjusted earnings
of 60
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of 72
cents.  The mean expectation of nine analysts for the quarter
was for earnings of 57 cents per share. Wall Street expected
results to range from 52 cents to 71 cents per share.
    * Revenue fell 6.9% to $334.75 million from a year ago;
analysts
expected $341.50 million. 
    * Premier Inc's reported EPS for the quarter was 45 cents​.
    * The company reported quarterly net income of $54.3
million.
    * Premier Inc shares had fallen by 6.3% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.5%
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 "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 6
"hold" and 1 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Premier Inc
is
$23.00 

This summary was machine generated from LSEG data February 6 at
12:31 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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.57           0.60           Beat
 Sep. 30 2023      0.51           0.54           Beat
 Jun. 30 2023      0.66           0.68           Beat
 Mar. 31 2023      0.58           0.58           Met