Premier Inc reports results for the quarter ended in January 1 - Earnings Summary

Premier

06/11/2024 05:17

* Premier Inc  PINC.OQ  reported quarterly adjusted earnings
of 34
cents​​ per share for the quarter ended January 1, lower than
the same quarter last year, when the company reported EPS of 54
cents.  The mean expectation of ten analysts for the quarter was
for earnings of 25 cents per share. Wall Street expected
results to range from 22 cents to 31 cents per share.
    * Revenue fell 24.6% to $240.30 million from a year ago;
analysts
expected $232.84 million. 
    * Premier Inc's reported EPS for the quarter was 70 cents​.
    * The company reported quarterly net income of $70.78
million.
    * Premier Inc shares had risen by 13.4% this quarter and
gained 1.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 52.6%
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 no "strong buy" or "buy," 9
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the medical
equipment,
supplies & distribution peer group is also "hold"

Wall Street's median 12-month price target for Premier Inc is
21.00 
This summary was machine generated from LSEG data November 6 at
05:17 a.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
 Sep. 30 2024      0.25           0.34           Beat
 Jun. 30 2024      0.49           0.69           Beat
 Mar. 31 2024      0.48           0.55           Beat
 Dec. 31 2023      0.57           0.60           Beat