Cerner (CERN) Tops Q2 EPS by 4c, Offers Guidance

Cerner (NASDAQ: CERN) reported Q2 EPS of $0.80, $0.04 better than the analyst estimate of $0.76. Revenue for the quarter came in at $1.46 billion versus the consensus estimate of $1.44 billion.

GUIDANCE:

Cerner sees FY2021 EPS of $3.25 vs $3.22

• Third quarter 2021 revenue to grow approximately 6% compared to third quarter of 2020
• Full year 2021 revenue growth in the mid-single digits
• Third quarter 2021 Adjusted Diluted EPS growth of 12% to 15% over the third quarter of 2020
• Full year 2021 Adjusted Diluted EPS of approximately $3.25, compared to a prior outlook of more than $3.20
• Full year 2021 Free Cash Flow (non-GAAP) of approximately $900 million
• Total 2021 share repurchases of up to $1.5 billion

For earnings history and earnings-related data on Cerner (CERN) click here.

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