Omnicare Earnings: Everything You Must Know Now

Omnicare Inc. (NYSE:OCR) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

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Omnicare Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 48.28% to $0.86 in the quarter versus EPS of $0.58 in the year-earlier quarter.

Revenue: Decreased 1.74% to $1.53 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Omnicare Inc. reported adjusted EPS income of $0.86 per share. By that measure, the company beat the mean analyst estimate of $0.85. It beat the average revenue estimate of $1.51 billion.

Quoting Management:“We are pleased with our progress throughout 2012, in which we generated double-digit adjusted cash earnings per diluted share growth in every quarter,” said John L. Workman, Omnicare`s Chief Executive Officer. “During the fourth quarter, we continued to leverage our scale position in our Long-Term Care Group to capitalize on the increased utilization of low-cost generic drugs, while also driving robust results within the manufacturer-focused platforms of our Specialty Care Group.”

Key Stats (on next page)…

Revenue increased 1.9% from $1.5 billion in the previous quarter. EPS decreased 0% from $0.86 in the previous quarter.

Looking Forward: 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 $0.86 and has not changed. For the current year, the average estimate is a profit of $3.34, which is the same with that ninety days ago.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]