These Analysts Increase Their Forecasts On Cardinal Health After Upbeat Q4 Results
Portfolio Pulse from Lisa Levin
Cardinal Health Inc (NYSE:CAH) reported better-than-expected Q4 earnings and raised its FY24 guidance. The company's Q4 adjusted EPS was $1.55, up 48% Y/Y, beating the consensus of $1.48. Sales increased 13% to $53.45 billion, beating the consensus of $52.41 billion. Following the earnings announcement, Mizuho and Baird analysts increased their price targets on Cardinal Health.
August 16, 2023 | 12:27 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Cardinal Health reported strong Q4 results and raised its FY24 guidance, leading to increased price targets from Mizuho and Baird analysts.
Cardinal Health's better-than-expected Q4 results and raised FY24 guidance indicate strong performance and positive future outlook. This has led analysts to increase their price targets, which could potentially attract more investors and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100