Cerner Corp Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Cerner Corp (NASDAQ:CERN) will unveil its latest earnings on Thursday, October 27, 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 profit of 45 cents per share, a rise of 28.6% 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 44 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 45 cents during the last month. For the year, analysts are projecting net income of $1.73 per share, a rise of 24.5% from last year.

Past Earnings Performance: Last quarter, the company reported profit of 42 cents per share versus a mean estimate of net income of. The company has beaten estimates for the past three quarters.

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Wall St. Revenue Expectations: On average, analysts predict $533.3 million in revenue this quarter, a rise of 15.3% from the year ago quarter. Analysts are forecasting total revenue of $2.12 billion for the year, a rise of 14.6% from last year’s revenue of $1.85 billion.

Analyst Ratings: Analysts are bullish on this stock with 11 analysts rating it as a buy, one rating it as a sell and seven rating it as a hold.

A Look Back: In the second quarter, profit rose 29.9% to $72 million (42 cents a share) from $55.5 million (33 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 15% to $524.2 million from $456 million.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 28.4% in the first quarter and 16.8% in the fourth quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue rose 14% in the first quarter from the year earlier, climbed 7.3% in the fourth quarter of the last fiscal year from the year-ago quarter and 13% in the third 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 August 25, 2011 to October 21, 2011, the stock price had risen $4.87 (7.9%) from $61.96 to $66.83. 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 May 26, 2011 and June 3, 2011 when shares fell for six-straight days, falling 3.5% (-$2.11) over that span. Shares are up $19.46 (+41.1%) year to date.

(Source: Xignite Financials)

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