S&P 500 (NYSE:SPY) component Cerner Corp (NASDAQ:CERN) will unveil its latest earnings on Thursday, July 28, 2011. Cerner Corporation designs and supports healthcare devices, healthcare information technology and content solutions for organizations and consumers.
Cerner Corp Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for net income of 41 cents per share, a rise of 28.1% 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 40 cents. Between one and three months ago, the average estimate was unchanged, but has risen during the last month. For the year, analysts are projecting profit of $1.70 per share, a rise of 22.3% from last year.
Past Earnings Performance: The company is looking to make a streak of three quarters of beating estimates. Last quarter, it beat expectations by reporting net income of 38 cents per share, and the previous quarter, it had profit of 41 cents.
Wall St. Revenue Expectations: On average, analysts predict $516.8 million in revenue this quarter, a rise of 13.3% from the year ago quarter. Analysts are forecasting total revenue of $2.1 billion for the year, a rise of 13.5% from last year’s revenue of $1.85 billion.
Analyst Ratings: Analysts are bullish on this stock with 13 analysts rating it as a buy, two rating it as a sell and eight rating it as a hold.
The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 28.4% while it rose 16.8% in the fourth quarter of the last fiscal year and 25.8% in the third quarter of the last fiscal year.
Revenue has risen the past four quarters. Revenue increased 14% to $491.7 million in first quarter. The figure rose 7.3% in the fourth quarter of the last fiscal year from the year earlier, climbed 13% in the third quarter of the last fiscal year from the year-ago quarter and 12.9% in the second quarter of the last fiscal year.
Competitors to Watch: Allscripts Healthcare Solutions Inc (NASDAQ:MDRX), Mediware Info. Systems (NASDAQ:MEDW), CareFusion Corporation (NYSE:CFN), Quality Systems, Inc. (NASDAQ:QSII), Merge Healthcare Inc. (NASDAQ:MRGE), McKesson Corporation (NYSE:MCK), Streamline Health Solutions Inc. (NASDAQ:STRM), Aspyra Inc. (APYI), Omnicell, Inc. (NASDAQ:OMCL), and Computer Sciences Corp. (NYSE:CSC).
Stock Price Performance: During April 27, 2011 to July 22, 2011, the stock price had risen $9.08 (16.2%) from $55.97 to $65.05. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 7, 2011 when shares rose for nine-straight days, rising 10.8% (+$6.27) over that span. It saw one of its worst periods between August 16, 2010 and August 24, 2010 when shares fell for seven-straight days, falling 3.8% (-$1.43) over that span. Shares are up $17.68 (+37.3%) year to date.
(Source: Xignite Financials)