Premier Posts Q4 Revenue Miss, Doesn't Provide Outlook On Continued Strategic Review
Portfolio Pulse from Lekha Gupta
Premier Inc (NASDAQ:PINC) reported Q4 2023 revenue of $340.4 million, missing the consensus of $356.3 million. Supply Chain Services segment revenue decreased by 2% Y/Y, while Performance Services revenue rose 4% Y/Y. Adjusted EBITDA increased 8% Y/Y to $132.6 million, and adjusted EPS improved 11% to 68 cents, beating the consensus of 66 cents. The company did not provide 2024 guidance due to its ongoing strategic review.
August 22, 2023 | 3:01 pm
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Premier Inc's Q4 2023 revenue missed expectations, but EPS beat consensus. The company did not provide 2024 guidance due to its ongoing strategic review, which may create uncertainty among investors.
Premier Inc's revenue miss could negatively impact the stock price, but the EPS beat and the increase in EBITDA could offset this. The lack of 2024 guidance due to the ongoing strategic review could create uncertainty, which may affect the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100