Cardinal Health, Inc. Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Cardinal Health, Inc. (NYSE:CAH) will unveil its latest earnings on Thursday, August 4, 2011. Cardinal Health, Inc. 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 profit of 58 cents per share, a rise of 16% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 59 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at 58 cents during the last month. For the year, analysts are projecting net income of $2.67 per share, a rise of 20.3% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 6 cents, reporting profit of 75 cents per share against a mean estimate of net income of 69 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $26.13 billion in revenue this quarter, a rise of 6.8% from the year ago quarter. Analysts are forecasting total revenue of $102.1 billion for the year, a rise of 3.7% from last year’s revenue of $98.5 billion.

Analyst Ratings: Analysts are bullish on this stock with 13 analysts rating it as a buy, none rating it as a sell and five rating it as a hold.

Key Stats:

The company’s revenue has now risen for two straight quarters. In third quarter, revenue increased 7.1% to $26.07 billion from the year earlier quarter. In the second quarter, the figure rose 1.8%.

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 June 30, 2011 to July 29, 2011, the stock price had dropped $1.66 (-3.7%) from $45.42 to $43.76. 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% (+$3.10) 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% (-$1.58) over that span. Shares are up $5.81 (+15.3%) year to date.

(Source: Xignite Financials)

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