Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Benzinga Insights

Premier: Q3 Earnings Insights

 

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.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.