Cardinal Health Earnings: Everything You Must Know Now

Cardinal Health, Inc. (NYSE:CAH) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

Cardinal Health, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 8.22% to $0.79 in the quarter versus EPS of $0.73 in the year-earlier quarter.

Revenue: Decreased 5.02% to $25.42 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Cardinal Health, Inc. reported adjusted EPS income of $0.79 per share. By that measure, the company beat the mean analyst estimate of $0.77. It beat the average revenue estimate of $24.56 billion.

Quoting Management: “We exceeded our key financial goals for the year and accelerated the strategic repositioning we began several years ago. We enter fiscal 2014 with the financial strength, scale, customer and product portfolio, and organizational talent to lead in the rapidly evolving health care marketplace. Given our ongoing momentum and reflecting the expiration of the Walgreens contract, we are projecting fiscal 2014 non-GAAP diluted EPS from continuing operations in the range of $3.45 to $3.60, an increase from our initial expectations.”

Key Stats (on next page)…

Revenue increased 3.54% from $24.55 billion in the previous quarter. EPS decreased 22.55% from $1.02 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 $0.86 to a profit $0.85. For the current year, the average estimate has moved down from a profit of $3.59 to a profit of $3.53 over the last ninety days.

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

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