Cardinal Health's Earnings Beat Last Year's by 24%
Cardinal Health (NYS: CAH) reported earnings on Aug. 22. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q4), Cardinal Health missed slightly on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue was unchanged and GAAP earnings per share expanded significantly.
Margins improved across the board.
Cardinal Health logged revenue of $26.76 billion. The 13 analysts polled by S&P Capital IQ predicted revenue of $27.25 billion on the same basis. GAAP reported sales were 0.0% higher than the prior-year quarter's $26.76 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.73. The 16 earnings estimates compiled by S&P Capital IQ averaged $0.73 per share. GAAP EPS of $0.67 for Q4 were 18% higher than the prior-year quarter's $0.57 per share. (The prior-year quarter included -$0.01 per share in earnings from discontinued operations.)
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 4.2%, 30 basis points better than the prior-year quarter. Operating margin was 1.6%, 30 basis points better than the prior-year quarter. Net margin was 0.9%, 10 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $26.19 billion. On the bottom line, the average EPS estimate is $0.80.
Next year's average estimate for revenue is $100.09 billion. The average EPS estimate is $3.45.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 440 members out of 481 rating the stock outperform, and 41 members rating it underperform. Among 141 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 135 give Cardinal Health a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cardinal Health is outperform, with an average price target of $48.68.
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The article Cardinal Health's Earnings Beat Last Year's by 24% originally appeared on Fool.com.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. The Motley Fool has no positions in the stocks mentioned above. 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.
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