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

• Premier Inc PINC.OQ reported quarterly adjusted earnings of 44 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 55 cents. The mean expectation of nine analysts for the quarter was for earnings of 30 cents per share. Wall Street expected results to range from 27 cents to 35 cents per share.

• Revenue fell 23.7% to $261.38 million from a year ago; analysts expected $240.45 million.

• Premier Inc's reported EPS for the quarter was 31 cents​.

• The company reported quarterly net income of $27.07 million.

• Premier Inc shares had risen by 6.4% this quarter and lost 3.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.1% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 8 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the medical equipment, supplies & distribution peer group is also "hold"

• Wall Street's median 12-month price target for Premier Inc is $19.00

This summary was machine generated from LSEG data May 6 at 12:20 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)