Cardinal Health Inc. First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Cardinal Health, Inc. (NYSE:CAH) will unveil its latest earnings on Thursday, October 27, 2011. Cardinal Health offers products and services that improve the safety and productivity of healthcare providers.

Cardinal Health, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 72 cents per share, a rise of 12.5% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 69 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 72 cents during the last month. Analysts are projecting profit to rise by 18.7% versus last year to $3.17.

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 59 cents per share against a mean estimate of net income of 58 cents per share.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 7.1% in revenue from the year-earlier quarter to $26.18 billion.

Analyst Ratings: Analysts are bullish on this stock with 14 analysts rating it as a buy, none rating it as a sell and one rating it as a hold.

A Look Back: In the fourth quarter of the last fiscal year, profit fell 9.3% to $202.7 million (57 cents a share) from $223.5 million (61 cents a share) the year earlier, but exceeded analyst expectations. Revenue rose 9.4% to $26.76 billion from $24.46 billion.

Key Stats:

Revenue has gone up for three straight quarters. It rose 7.1% in the third quarter of the last fiscal year from the year earlier and 1.8% in the second quarter of the last fiscal year.

Competitors to Watch: AmerisourceBergen Corp. (NYSE:ABC), McKesson Corporation (NYSE:MCK), Integra LifeSciences Hldgs. Corp. (NASDAQ:IART), Thermo Fisher Scientific Inc. (NYSE:TMO), Teleflex Incorporated (NYSE:TFX), Covidien plc (NYSE:COV), General Electric Company (NYSE:GE), CVS Caremark Corporation (NYSE:CVS), Walgreen Company (NYSE:WAG), and Owens & Minor, Inc. (NYSE:OMI).

Stock Price Performance: During August 25, 2011 to October 21, 2011, the stock price had risen $3.97 (9.9%) from $40.03 to $44. The stock price saw one of its best stretches over the last year between June 27, 2011 and July 7, 2011 when shares rose for eight-straight days, rising 7.1% (+$3.08) over that span. It saw one of its worst periods between April 7, 2011 and April 14, 2011 when shares fell for six-straight days, falling 3.8% (-$1.57) over that span. Shares are up $6.24 (+16.5%) year to date.

(Source: Xignite Financials)

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