Cardinal Health Inc reports results for the quarter ended March 31 - Earnings Summary

• Cardinal Health Inc CAH.N reported quarterly adjusted earnings of $2.35​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $2.08. The mean expectation of fifteen analysts for the quarter was for earnings of $2.17 per share. Wall Street expected results to range from $2.04 to $2.22 per share.

• Revenue fell 0.1% to $54.88 billion from a year ago; analysts expected $55.35 billion.

• Cardinal Health Inc's reported EPS for the quarter was $2.10​.

• The company reported quarterly net income of $506 million.

• Cardinal Health Inc shares had risen by 2.6% this quarter and gained 19.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.6% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell." The average consensus recommendation for the pharmaceuticals peer group is also "buy"

• Wall Street's median 12-month price target for Cardinal Health Inc is $150.00

This summary was machine generated from LSEG data May 1 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)