Premier, Inc. (NASDAQ:PINC) is set to announce fourth quarter earning results on Tuesday 25th August 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, PINC to report 4Q20 income of $ 0.61 per share.
For the full year, analysts anticipate top line of $ 1271.63 million, while looking forward to income of $ 2.75 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 1,284.00 million ~ $ 1,284.00 million, where as bottomline are predicted in a range of $ 2.76 ~ $ 2.89 per share
Click Here For More Historical Outlooks Of Premier, Inc.
Previous Quarter Performance
Premier, Inc. came out with income for the third quarter of $ 0.73 per share, from the revenue of $ 334.82 million. The quarterly earnings up 10.61 percent while revenues fell 20.82 percent compared with the same quarter last year.
According to street consensus, PINC was expected to report 3Q20 income of $ 0.71 per share from revenue of $ 313.46 million. The bottom line results beat street analysts by $ 0.02 or 2.82 percent, at the same time, top line results outshined analysts by $ 21.36 million or 6.81 percent.
Stock Performance
Shares of Premier, Inc. traded low $ -0.12 or -0.35 percent on Monday, reaching $ 33.70 with volume of 428.40 thousand shares. Premier, Inc. has traded high as $ 34.09 and has cracked $ 33.53 on the downward trend
According to the previous trading day, closing price of $ 33.70, representing a 24.75 % increase from the 52 week low of $ 27.11 and a 14.81 % decrease over the 52 week high of $ 39.70.
The company has a market capital of $ 4.10 billion and is part of the Technology sector and Health Information Services industry.
Recent Analyst recommendations
- On 12th August 2020, maintained by Credit Suisse Group at Neutral rating, with $ 35.00 target price.
Conference Call
Premier, Inc. will be hosting a conference call at 8:00 AM eastern time on 25th August 2020, to discuss its 4Q20 financial results with the investment community. The participants may dial, (844) 296-7719 (United States) or (574) 990-1041 Toll Number, and the passcode is 4668195 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website edge.media-server.com/mmc/p/iye8rm29
Premier, Inc., together with its subsidiaries, operates as a healthcare improvement company in the United States. It operates through two segments, Supply Chain Services and Performance Services. The Supply Chain Services segment offers its members with access to a range of products and services, including medical and surgical products, pharmaceuticals, laboratory supplies, capital equipment, information technology, facilities and construction, and food and nutritional products, as well as purchased services, such as clinical engineering and document shredding services.
