Cardinal Health Analysts Raise Their Forecasts Following Upbeat Earnings
Portfolio Pulse from Avi Kapoor
Cardinal Health Inc (NYSE:CAH) reported better-than-expected earnings for Q4 2024, with adjusted EPS of $1.84 and sales of $59.87 billion. The company raised its fiscal year 2025 adjusted EPS guidance and updated its profit growth outlook. Analysts have raised their price targets for CAH following the earnings announcement.
August 15, 2024 | 12:43 pm
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Cardinal Health reported strong Q4 2024 earnings, with adjusted EPS of $1.84 and sales of $59.87 billion, both beating consensus estimates. The company raised its fiscal year 2025 adjusted EPS guidance and updated its profit growth outlook. Analysts have increased their price targets for CAH.
Cardinal Health's better-than-expected earnings and raised guidance for FY 2025 are positive indicators for the stock. The increase in price targets by analysts further supports a bullish outlook in the short term.
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