AmerisourceBergen Beats Analyst Estimates on EPS
AmerisourceBergen (NYS: ABC) reported earnings on May 10. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q2), AmerisourceBergen met expectations on revenues and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue improved slightly and GAAP earnings per share grew.
Gross margins were steady, operating margins increased, net margins were steady.
AmerisourceBergen reported revenue of $20.07 billion. The 11 analysts polled by S&P Capital IQ anticipated a top line of $20.00 billion on the same basis. GAAP reported sales were 1.6% higher than the prior-year quarter's $19.76 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 $0.83. The 13 earnings estimates compiled by S&P Capital IQ predicted $0.81 per share. GAAP EPS of $0.81 for Q2 were 5.2% higher than the prior-year quarter's $0.77 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 3.5%, about the same as the prior-year quarter. Operating margin was 1.9%, 10 basis points better than the prior-year quarter. Net margin was 1.1%, about the same as the prior-year quarter.
Next quarter's average estimate for revenue is $20.32 billion. On the bottom line, the average EPS estimate is $0.70.
Next year's average estimate for revenue is $80.96 billion. The average EPS estimate is $2.81.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on AmerisourceBergen is outperform, with an average price target of $45.00.
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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.