Cerner Earnings Preview: Can This Streak Continue?
Cerner (NASDAQ:CERN) will report earnings after markets close on Thursday, July 25th. Cerner Corporation is a worldwide supplier of healthcare solutions and services. The Company’s Solutions are designed to optimize clinical and financial outcomes for healthcare organizations ranging from single-doctor practices, to health systems, to entire countries, for the pharmaceutical and medical device industries, and for the healthcare commerce system.
Here is your Cheat Sheet to Cerner Earnings:
Earnings Expectations: Analysts expect earnings of $0.34 per share on revenues of $725.71 million. Currently, the company’s P/E ratio stands at 41.92.
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 $0.36 and has not changed. For the current year, the average estimate is a profit of $1.41, which is better than the estimate ninety days ago.
Here’s how Cerner has been performing on an annual basis:
|Revenue ($) in millions||1,676||1,672||1,850||2,203||2,665|
|Diluted EPS ($)||0.56||0.58||0.69||0.88||1.13|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012||Mar. 31, 2013|
|Revenue ($) in millions||637.36||676.48||710.38||680.03|
|Diluted EPS ($)||0.28||0.28||0.31||0.31|
Cerner has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)