Premier Inc. Reports Fiscal 2019 Fourth-Quarter and Full-Year Results

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Go back to Premier Inc. Reports Fiscal 2019 Fourth-Quarter and Full-Year Results

Canaccord Genuity Reiterates Hold Rating on Premier, Inc. (PINC) Following 2020 Guidance

August 21, 2019 6:54 AM EDT

Canaccord Genuity analyst Richard Close reiterated a Hold rating and $36.00 price target on Premier, Inc. (NASDAQ: PINC) following the company's FY20 guidance. PINC provided FY'20 revenue guidance of $1.231-$1.280B (+1-5% y/y) versus our prior estimate of $1.263B and cons. $1.268B. Adj.... More

Premier (PINC) Tops Q4 EPS by 3c, Revenues Miss; Offers FY20 EPS/Revenue Guidance

August 20, 2019 7:04 AM EDT

Premier (NASDAQ: PINC) reported Q4 EPS of $0.68, $0.03 better than the analyst estimate of $0.65. Revenue for the quarter came in at $316.2 million versus the consensus estimate of $436.96 million.

Q4 2019 Highlights of Continuing Operations:

GAAP net revenue was $316.2 million, compared with $312.6 million a year ago; Supply Chain Services segment revenue was $227.0 million, compared with $217.8 million a year ago; and Performance Services segment revenue was $89.2 million, compared with $94.8 million a year ago.GAAP net income was $70.2 million, compared with $101.0 million a year ago; diluted net loss was $4.28 per share, compared with a... More