Cardinal Health Second Quarter Earnings Sneak Peek
S&P 500 (NYSE:SPY) component Cardinal Health (NYSE:CAH) will unveil its latest earnings on Tuesday, February 5, 2013. Cardinal Health offers products and services that improve the safety and productivity of healthcare providers.
Cardinal Health Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average analyst estimate is for net income of 85 cents per share, a rise of 4.9% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 86 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 85 cents during the last month. For the year, analysts are projecting profit of $3.44 per share, a rise of 7.2% from last year.
Past Earnings Performance: Last quarter, the company beat estimates by 2 cents, coming in at net income of 81 cents a share versus the estimate of profit of 79 cents a share. It marked the fourth straight quarter of beating estimates.
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A Look Back: In the first quarter, profit rose 14.4% to $271 million (79 cents a share) from $236.8 million (68 cents a share) the year earlier, exceeding analyst expectations. Revenue fell 3.4% to $25.89 billion from $26.79 billion.