Premier Inc reports results for the quarter ended June 30 - Earnings Summary

• Premier Inc PINC.OQ reported quarterly adjusted earnings of 46 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 69 cents. The mean expectation of eight analysts for the quarter was for earnings of 34 cents per share. Wall Street expected results to range from 30 cents to 39 cents per share.

• Revenue fell 25% to $262.86 million from a year ago; analysts expected $247.68 million.

• Premier Inc's reported EPS for the quarter was 22 cents​.

• The company reported quarterly net income of $18.44 million.

• Premier Inc shares had risen by 11.4% this quarter and gained 15.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2.5% 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," 7 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the medical equipment, supplies & distribution peer group is "buy."

• Wall Street's median 12-month price target for Premier Inc is $22.00, about 11% below its last closing price of $24.43

This summary was machine generated from LSEG data August 19 at 11:31 a.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)