Premier Q3 Adj $0.55 Beats $0.48 Estimate, Sales $342.60M Beat $318.51M Estimate
Portfolio Pulse from Benzinga Newsdesk
Premier Inc. (PINC) reported Q3 adjusted earnings of $0.55 per share, surpassing the consensus estimate of $0.48, and sales of $342.60M, exceeding the estimate of $318.51M. This represents a 5.17% decrease in earnings per share and a 6.32% increase in sales compared to the same period last year.
May 07, 2024 | 10:33 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Premier Inc. (PINC) exceeded Q3 earnings and sales estimates, with a slight decrease in earnings per share YOY but an increase in sales.
Beating both earnings and sales estimates typically has a positive impact on a company's stock price in the short term. The decrease in earnings per share year-over-year might temper some of the positive momentum, but the significant beat on estimates and sales growth are likely to be viewed favorably by investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100