ET 23:02

Cardinal Health (CAH) Set to Deliver Q4 Earnings Beat

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Earnings

[The Lead] Cardinal Health (NYSE:CAH) is poised to deliver a strong Q4 earnings report, surpassing revenue and earnings per share (EPS) expectations. Analysts forecast revenues of $64.85 billion, up 17.4% year-over-year, and EPS of $2.37, a 7.8% beat from the previous quarter. [Supporting Details & Context] Last quarter, Cardinal Health reported revenues of $64.01 billion, a 22.4% year-over-year increase, and a solid beat of analysts’ revenue estimates. The company has a history of meeting or exceeding expectations, with only three instances of missing Wall Street revenue estimates over the past two years. Peer HCA Healthcare saw a 6.7% year-over-year revenue growth, while UnitedHealth reported a 12.3% increase, both in line with consensus estimates. HCA Healthcare’s share price rose 4%, and UnitedHealth’s fell 16.4% post-earnings. Cardinal Health’s share price has climbed 6.1% over the last month, trading at $218.18, with an average analyst price target of $234.20.

EditorThomas Ho