We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
What Analyst Projections for Key Metrics Reveal About Cardinal (CAH) Q1 Earnings
Read MoreHide Full Article
Analysts on Wall Street project that Cardinal Health (CAH - Free Report) will announce quarterly earnings of $2.92 per share in its forthcoming report, representing an increase of 14.5% year over year. Revenues are projected to reach $66.96 billion, increasing 4.6% from the same quarter last year.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Given this perspective, it's time to examine the average forecasts of specific Cardinal metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts forecast 'Revenue- Pharmaceutical and Specialty Solutions' to reach $61.90 billion. The estimate suggests a change of +4.6% year over year.
Analysts' assessment points toward 'Revenue- Other' reaching $1.78 billion. The estimate indicates a change of +8.3% from the prior-year quarter.
According to the collective judgment of analysts, 'Revenue- Global Medical Products and Distribution' should come in at $3.28 billion. The estimate indicates a change of +3% from the prior-year quarter.
The average prediction of analysts places 'Segment profit- Pharmaceutical and Specialty Solutions' at $740.48 million. The estimate compares to the year-ago value of $667.00 million.
The consensus estimate for 'Segment profit- Other' stands at $191.65 million. Compared to the present estimate, the company reported $166.00 million in the same quarter last year.
The combined assessment of analysts suggests that 'Segment profit- Global Medical Products and Distribution' will likely reach $22.89 million. Compared to the present estimate, the company reported $46.00 million in the same quarter last year.
Cardinal shares have witnessed a change of +9.7% in the past month, in contrast to the Zacks S&P 500 composite's -0.9% move. With a Zacks Rank #3 (Hold), CAH is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
View the Zacks #1 Rank List
Image: Bigstock
What Analyst Projections for Key Metrics Reveal About Cardinal (CAH) Q1 Earnings
Analysts on Wall Street project that Cardinal Health (CAH - Free Report) will announce quarterly earnings of $2.92 per share in its forthcoming report, representing an increase of 14.5% year over year. Revenues are projected to reach $66.96 billion, increasing 4.6% from the same quarter last year.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Given this perspective, it's time to examine the average forecasts of specific Cardinal metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts forecast 'Revenue- Pharmaceutical and Specialty Solutions' to reach $61.90 billion. The estimate suggests a change of +4.6% year over year.
Analysts' assessment points toward 'Revenue- Other' reaching $1.78 billion. The estimate indicates a change of +8.3% from the prior-year quarter.
According to the collective judgment of analysts, 'Revenue- Global Medical Products and Distribution' should come in at $3.28 billion. The estimate indicates a change of +3% from the prior-year quarter.
The average prediction of analysts places 'Segment profit- Pharmaceutical and Specialty Solutions' at $740.48 million. The estimate compares to the year-ago value of $667.00 million.
The consensus estimate for 'Segment profit- Other' stands at $191.65 million. Compared to the present estimate, the company reported $166.00 million in the same quarter last year.
The combined assessment of analysts suggests that 'Segment profit- Global Medical Products and Distribution' will likely reach $22.89 million. Compared to the present estimate, the company reported $46.00 million in the same quarter last year.
View all Key Company Metrics for Cardinal here>>>Cardinal shares have witnessed a change of +9.7% in the past month, in contrast to the Zacks S&P 500 composite's -0.9% move. With a Zacks Rank #3 (Hold), CAH is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .