Premier, Inc. reported $350.27 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 2.9%. EPS of $0.69 for the same period compares to $0.68 a year ago.
The reported revenue represents a surprise of +12.33% over the Zacks Consensus Estimate of $311.82 million. With the consensus EPS estimate being $0.49, the EPS surprise was +40.82%.
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
: $50.77 million compared to the $55.63 million average estimate based on three analysts. The reported number represents a change of -17.6% year over year.Net Revenue- Supply Chain Services- Services and software licenses- Net administrative fees
: $165.42 million compared to the $141.30 million average estimate based on three analysts. The reported number represents a change of +4.6% year over year.Net Revenue- Supply Chain Services- Services and software licenses
: $179.22 million compared to the $152.73 million average estimate based on three analysts.Net Revenue- Performance Services
: $120.36 million versus the three-analyst average estimate of $103.53 million. The reported number represents a year-over-year change of +7.2%.Net Revenue- Supply Chain Services- Services and software licenses- Software licenses, other services and support
: $13.80 million versus $11.43 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +66.3% change.Net Revenue- Total Supply Chain Services
: $229.98 million compared to the $208.36 million average estimate based on three analysts. The reported number represents a change of +0.9% year over year.Adjusted EBITDA- Supply Chain Services
: $123.45 million versus $98.21 million estimated by three analysts on average.Adjusted EBITDA- Performance Services
: $33.67 million versus the three-analyst average estimate of $24.57 million.Adjusted EBITDA- Corporate
: -$38.42 million versus the two-analyst average estimate of -$30.71 million.
View all Key Company Metrics for Premier here>>>Shares of Premier have returned +1.6% over the past month versus the Zacks S&P 500 composite's +1.9% 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 (PINC) Reports Q4 Earnings: What Key Metrics Have to Say
Premier, Inc. reported $350.27 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 2.9%. EPS of $0.69 for the same period compares to $0.68 a year ago.
The reported revenue represents a surprise of +12.33% over the Zacks Consensus Estimate of $311.82 million. With the consensus EPS estimate being $0.49, the EPS surprise was +40.82%.
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:
View all Key Company Metrics for Premier here>>>Net Revenue- Supply Chain Services- Products
: $50.77 million compared to the $55.63 million average estimate based on three analysts. The reported number represents a change of -17.6% year over year.Net Revenue- Supply Chain Services- Services and software licenses- Net administrative fees
: $165.42 million compared to the $141.30 million average estimate based on three analysts. The reported number represents a change of +4.6% year over year.Net Revenue- Supply Chain Services- Services and software licenses
: $179.22 million compared to the $152.73 million average estimate based on three analysts.Net Revenue- Performance Services
: $120.36 million versus the three-analyst average estimate of $103.53 million. The reported number represents a year-over-year change of +7.2%.Net Revenue- Supply Chain Services- Services and software licenses- Software licenses, other services and support
: $13.80 million versus $11.43 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +66.3% change.Net Revenue- Total Supply Chain Services
: $229.98 million compared to the $208.36 million average estimate based on three analysts. The reported number represents a change of +0.9% year over year.Adjusted EBITDA- Supply Chain Services
: $123.45 million versus $98.21 million estimated by three analysts on average.Adjusted EBITDA- Performance Services
: $33.67 million versus the three-analyst average estimate of $24.57 million.Adjusted EBITDA- Corporate
: -$38.42 million versus the two-analyst average estimate of -$30.71 million.Shares of Premier have returned +1.6% over the past month versus the Zacks S&P 500 composite's +1.9% 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.