AmerisourceBergen Increases Sales but Misses Estimates on Earnings

Before you go, we thought you'd like these...
Before you go close icon

AmerisourceBergen (NYS: ABC) reported earnings on Jan. 26. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q1), AmerisourceBergen beat slightly on revenues and missed expectations on earnings per share.

Compared to the prior-year quarter, revenue grew slightly and GAAP earnings per share dropped.

Gross margins were steady, operating margins were steady, and net margins were steady.

Revenue details
AmerisourceBergen reported revenue of $20.36 billion. The 13 analysts polled by S&P Capital IQ anticipated revenue of $19.99 billion. Sales were 2.4% higher than the prior-year quarter's $19.89 billion.

anImage

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.

EPS details
Non-GAAP EPS came in at $0.62. The earnings estimates compiled by S&P Capital IQ averaged $0.63 per share on the same basis. GAAP EPS of $0.62 for Q1 were 8.8% higher than the prior-year quarter's $0.57 per share.

anImage

Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 2.9%, about the same as the prior-year quarter. Operating margin was 1.4%, about the same as the prior-year quarter. Net margin was 0.8%, about the same as the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $20.05 billion. On the bottom line, the average EPS estimate is $0.81.

Next year's average estimate for revenue is $80.88 billion. The average EPS estimate is $2.81.

Investor sentiment
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on AmerisourceBergen is outperform, with an average price target of $45.70.

If you're interested in health-care stocks like AmerisourceBergen, you might want to expand your horizons to find maximum returns. Follow the money and meet a prime candidate for major returns in our new report, "Discover the Next Rule-Breaking Multibagger." Click here for instant access to this free report.

At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners