S&P 500 (NYSE:SPY) component Cerner (NASDAQ:CERN) will unveil its latest earnings on Tuesday, February 5, 2013. Cerner Corporation designs and supports healthcare devices, healthcare information technology, and content solutions for organizations and consumers.
Cerner Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for net income of 60 cents per share, a rise of 13.2% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 26.7% versus last year to $2.23.
Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by one cent, reporting profit of 56 cents per share against a mean estimate of net income of 55 cents per share.
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A Look Back: In the third quarter, profit rose 25.4% to $98.9 million (56 cents a share) from $78.8 million (45 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 18.3% to $676.5 million from $571.6 million.