AmerisourceBergen Earnings: Everything You Must Know Now

AmerisourceBergen Corporation (NYSE:ABC) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

AmerisourceBergen Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 2.82% to $0.73 in the quarter versus EPS of $0.71 in the year-earlier quarter.

Revenue: Rose 10.81% to $21.91 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: AmerisourceBergen Corporation reported adjusted EPS income of $0.73 per share. By that measure, the company missed the mean analyst estimate of $0.74. It beat the average revenue estimate of $21.33 billion.

Quoting Management: “In our June quarter, AmerisourceBergen delivered solid performance and made significant progress on strategic initiatives,” said Steven H. Collis, AmerisourceBergen President and Chief Executive Officer. “We completed two previously announced divestitures, obtained the required regulatory approvals on certain aspects of our new strategic long-term relationship with Walgreen Co. and Alliance Boots GmbH, and have begun to prepare our network for the onboarding of the new Walgreens distribution contract in September. In addition, we recently enhanced our financial flexibility by increasing the borrowing capacity of our revolver and our securitization programs. Not only are we on track to meet our objectives for the full fiscal year, but we have taken important steps to strengthen our ability to generate sustainable long term growth that benefits all of our stakeholders.”

Key Stats (on next page)…

Revenue increased 6.74% from $20.52 billion in the previous quarter. EPS decreased 16.09% from $0.87 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.74 to a profit $0.73. For the current year, the average estimate has moved down from a profit of $3.08 to a profit of $3.06 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)