CVS Caremark Earnings Preview: Can This Streak Continue?
Cvs Caremark (NYSE:CVS) will report earnings before markets open on Wednesday, May 1st. CVS Caremark Corporation is an integrated pharmacy health care provider. The Company’s offerings include pharmacy benefit management services; mail order, retail and specialty pharmacy; disease management programs; and retail clinics. The company operates drugstores throughout the U.S., the District of Columbia, and Puerto Rico.
Here is your Cheat Sheet to Cvs Caremark Earnings:
Earnings Expectations: Analysts expect earnings of $0.79 per share on revenues of $30.35 billion. Currently, the company’s P/E ratio stands at 19.03.
Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.94 to a profit $0.93. For the current year, the average estimate is a profit of $3.97, which is better than the estimate ninety days ago.
Here’s how Cvs Caremark has been performing on an annual basis:
|Revenue ($) in millions||87,470||0.00||95,780||107,100||123,130|
|Diluted EPS ($)||2.18||2.49||2.57||3.03|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Dec. 31, 2011||Mar. 31, 2012||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012|
|Revenue ($) in millions||28,320||30,800||30,710||30,230||31,390|
|Diluted EPS ($)||0.8061||0.59||0.75||0.79||0.9032|
Cvs Caremark has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.
“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)