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Here's What Key Metrics Tell Us About Premier (PINC) Q3 Earnings
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Premier, Inc. (PINC - Free Report) reported $342.6 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 6.3%. EPS of $0.55 for the same period compares to $0.58 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $312.92 million, representing a surprise of +9.48%. The company delivered an EPS surprise of +17.02%, with the consensus EPS estimate being $0.47.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Premier performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Revenue- Supply Chain Services- Products: $56.59 million compared to the $54.36 million average estimate based on three analysts. The reported number represents a change of -1.1% year over year.
Net Revenue- Supply Chain Services- Services and software licenses- Net administrative fees: $156.82 million versus $145.72 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +5.6% change.
Net Revenue- Total Supply Chain Services: $227.67 million compared to the $212.30 million average estimate based on three analysts. The reported number represents a change of +5.1% year over year.
Net Revenue- Performance Services: $115 million versus $100.62 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +9% change.
Net Revenue- Supply Chain Services- Services and software licenses- Software licenses, other services and support: $14.26 million versus the three-analyst average estimate of $12.23 million. The reported number represents a year-over-year change of +29.2%.
Net Revenue- Supply Chain Services- Services and software licenses: $171.08 million versus $159.32 million estimated by two analysts on average.
Adjusted EBITDA- Supply Chain Services: $114.02 million versus $107.45 million estimated by three analysts on average.
Adjusted EBITDA- Performance Services: $27.04 million versus $21.37 million estimated by three analysts on average.
Adjusted EBITDA- Corporate: -$33.78 million versus the two-analyst average estimate of -$31.13 million.
Shares of Premier have returned -3% 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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Here's What Key Metrics Tell Us About Premier (PINC) Q3 Earnings
Premier, Inc. (PINC - Free Report) reported $342.6 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 6.3%. EPS of $0.55 for the same period compares to $0.58 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $312.92 million, representing a surprise of +9.48%. The company delivered an EPS surprise of +17.02%, with the consensus EPS estimate being $0.47.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Premier performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Revenue- Supply Chain Services- Products: $56.59 million compared to the $54.36 million average estimate based on three analysts. The reported number represents a change of -1.1% year over year.
- Net Revenue- Supply Chain Services- Services and software licenses- Net administrative fees: $156.82 million versus $145.72 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +5.6% change.
- Net Revenue- Total Supply Chain Services: $227.67 million compared to the $212.30 million average estimate based on three analysts. The reported number represents a change of +5.1% year over year.
- Net Revenue- Performance Services: $115 million versus $100.62 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +9% change.
- Net Revenue- Supply Chain Services- Services and software licenses- Software licenses, other services and support: $14.26 million versus the three-analyst average estimate of $12.23 million. The reported number represents a year-over-year change of +29.2%.
- Net Revenue- Supply Chain Services- Services and software licenses: $171.08 million versus $159.32 million estimated by two analysts on average.
- Adjusted EBITDA- Supply Chain Services: $114.02 million versus $107.45 million estimated by three analysts on average.
- Adjusted EBITDA- Performance Services: $27.04 million versus $21.37 million estimated by three analysts on average.
- Adjusted EBITDA- Corporate: -$33.78 million versus the two-analyst average estimate of -$31.13 million.
View all Key Company Metrics for Premier here>>>Shares of Premier have returned -3% 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.