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Premier, Inc. (PINC) Reports Q3 Earnings: What Key Metrics Have to Say
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Premier, Inc. (PINC - Free Report) reported $322.23 million in revenue for the quarter ended March 2023, representing a year-over-year decline of 7.4%. EPS of $0.58 for the same period compares to $0.57 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $352.91 million, representing a surprise of -8.69%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.58.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Premier, Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Revenue- Products: $57.21 million versus the four-analyst average estimate of $75.60 million. The reported number represents a year-over-year change of -38.9%.
Net Revenue- Services - Net administrative fees: $148.44 million versus the four-analyst average estimate of $151.07 million. The reported number represents a year-over-year change of 0%.
Supply Chain Services- Software licenses, other services and support: $11.03 million compared to the $10.53 million average estimate based on four analysts. The reported number represents a change of +23.8% year over year.
Net Revenue- Performance Services: $105.56 million compared to the $115.65 million average estimate based on four analysts. The reported number represents a change of +8.9% year over year.
Net Revenue- Supply Chain Services: $216.69 million versus the four-analyst average estimate of $237.38 million. The reported number represents a year-over-year change of -13.7%.
Adjusted EBITDA- Supply Chain Services: $122.04 million versus the four-analyst average estimate of $120.59 million.
Adjusted EBITDA- Performance Services: $25.02 million compared to the $35.10 million average estimate based on four analysts.
Adjusted EBITDA- Corporate: -$29.77 million compared to the -$32.68 million average estimate based on three analysts.
Shares of Premier, Inc. have returned -16.9% over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Premier, Inc. (PINC) Reports Q3 Earnings: What Key Metrics Have to Say
Premier, Inc. (PINC - Free Report) reported $322.23 million in revenue for the quarter ended March 2023, representing a year-over-year decline of 7.4%. EPS of $0.58 for the same period compares to $0.57 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $352.91 million, representing a surprise of -8.69%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.58.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Premier, Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Revenue- Products: $57.21 million versus the four-analyst average estimate of $75.60 million. The reported number represents a year-over-year change of -38.9%.
- Net Revenue- Services - Net administrative fees: $148.44 million versus the four-analyst average estimate of $151.07 million. The reported number represents a year-over-year change of 0%.
- Supply Chain Services- Software licenses, other services and support: $11.03 million compared to the $10.53 million average estimate based on four analysts. The reported number represents a change of +23.8% year over year.
- Net Revenue- Performance Services: $105.56 million compared to the $115.65 million average estimate based on four analysts. The reported number represents a change of +8.9% year over year.
- Net Revenue- Supply Chain Services: $216.69 million versus the four-analyst average estimate of $237.38 million. The reported number represents a year-over-year change of -13.7%.
- Adjusted EBITDA- Supply Chain Services: $122.04 million versus the four-analyst average estimate of $120.59 million.
- Adjusted EBITDA- Performance Services: $25.02 million compared to the $35.10 million average estimate based on four analysts.
- Adjusted EBITDA- Corporate: -$29.77 million compared to the -$32.68 million average estimate based on three analysts.
View all Key Company Metrics for Premier, Inc. here>>>Shares of Premier, Inc. have returned -16.9% over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.