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

Premier

07/05/2024 14:02

* Premier Inc  PINC.OQ  reported quarterly adjusted earnings
of 55
cents​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of 58
cents.  The mean expectation of ten analysts for the quarter was
for earnings of 48 cents per share. Wall Street expected
results to range from 46 cents to 50 cents per share.
    * Revenue rose 6.3% to $342.60 million from a year ago;
analysts
expected $318.51 million. 
    * Premier Inc's reported EPS for the quarter was a loss
of 36
cents​.
    * The company reported a quarterly loss of $40.19 million.
    * Premier Inc shares had fallen by 6.2% this quarter and
lost 7.3%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 7
"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
$24.00 
This summary was machine generated from LSEG data May 7 at 01:02
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
 Mar. 31 2024      0.48           0.55           Beat
 Dec. 31 2023      0.57           0.60           Beat
 Sep. 30 2023      0.51           0.54           Beat
 Jun. 30 2023      0.66           0.68           Beat