Cardinal Health Earnings Preview: Can This Streak Continue?
Cardinal Health (NYSE:CAH) will report earnings before markets open on Thursday, May 2nd. Cardinal Health, Inc. provides complementary products and services to healthcare providers and manufacturers. The Company’s services include pharmaceutical distribution, health-care product manufacturing, distribution and consulting services, drug delivery systems development, pharmaceutical packaging, automated dispensing systems manufacturing, and retail pharmacy franchising.
Here is your Cheat Sheet to Cardinal Health Earnings:
Earnings Expectations: Analysts expect earnings of $0.95 per share on revenues of $24.72 billion. Currently, the company’s P/E ratio stands at 13.43.
Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.81 and has not changed. For the current year, the average estimate is a profit of $3.5, which is better than the estimate ninety days ago.
Here’s how Cardinal Health has been performing on an annual basis:
|Revenue ($) in millions||90,980||95,990||98,500||102,640||107,550|
|Diluted EPS ($)||3.57||3.18||1.77||2.72||3.06|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Dec. 31, 2011||Mar. 31, 2012||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012|
|Revenue ($) in millions||27,080||26,920||26,760||25,890||25,230|
|Diluted EPS ($)||0.75||0.95||0.6797||0.79||0.88|
Cardinal Health has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.
“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)