Health and Healthcare
Why Premier Is Tuesday's Big Earnings Winner
Published:
Last Updated:
Premier Inc. (NASDAQ: PINC) reported its fiscal fourth-quarter results before the markets opened on Tuesday. The company posted $0.70 in earnings per share (EPS) and $434.0 million in revenue, while consensus estimates had called for $0.66 in EPS on revenue of $411.89 million. The same period of last year reportedly had EPS of $0.50 and $403.1 million in revenue.
During the latest quarter, Supply Chain Services segment revenue rose 10% to $339.2 million, and Performance Services segment revenue increased 2% to $94.8 million.
Looking ahead to the 2019 fiscal full year, the company expects to see EPS in the range of $2.60 to $2.72 and revenues between $1.721 billion and $1.787 billion. The consensus estimates are $2.26 in EPS and $1.64 billion in revenue.
Susan DeVore, president and CEO, commented:
Premier’s fourth quarter delivered a very successful finish to fiscal 2018, as stronger-than-anticipated revenue performance across our Supply Chain and Performance Services businesses produced earnings results that exceeded our expectations,” “These results capped a solid fiscal 2018 performance, once again demonstrating Premier’s consistent financial strength and operational excellence, which we believe solidify our continued leadership as we work with our nation’s health systems and other providers to transform healthcare delivery in America.
Shares of Premier were last seen up about 13% at $43.41, with a consensus analyst price target of $38.12 and a 52-week trading range of $27.15 to $45.31.
The #1 Thing to Do Before You Claim Social Security (Sponsor)
Choosing the right (or wrong) time to claim Social Security can dramatically change your retirement. So, before making one of the biggest decisions of your financial life, it’s a smart idea to get an extra set of eyes on your complete financial situation.
A financial advisor can help you decide the right Social Security option for you and your family. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.
Click here to match with up to 3 financial pros who would be excited to help you optimize your Social Security outcomes.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
