Premier (NASDAQ:PINC) reported its Q3 earnings results on Tuesday, May 3, 2022 at 06:30 AM.
Here's what investors need to know about the announcement.
Earnings
Premier missed estimated earnings by 1.72%, reporting an EPS of $0.57 versus an estimate of $0.58.
Revenue was down $122.09 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.08 which was followed by a 0.71% drop in the share price the next day.
Here's a look at Premier's past performance:
| Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.65 | 0.59 | 0.59 | 0.55 |
| EPS Actual | 0.73 | 0.64 | 0.60 | 0.64 |
| Revenue Estimate | 347.71M | 347.68M | 447.82M | 447.55M |
| Revenue Actual | 379.21M | 365.15M | 481.51M | 469.92M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Premier management provided guidance for FY 2022, expecting earnings between $2.48 and $2.58 per share.
To track all earnings releases for Premier visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
