What to Expect from Cardinal Health's Upcoming Earnings
What to Expect from Cardinal Health's Upcoming Earnings
Cardinal Health (CAH) is poised to release its latest quarterly earnings report soon, and investors are buzzing with anticipation. With analysts estimating an earnings per share (EPS) of $1.62, expectations are high as everyone waits for the news to break.
The earnings report is not just about the numbers; it also provides critical guidance for future quarters, which can significantly influence the stock price. Investors often look for signs that a company is on an upward trajectory, and guidance plays a pivotal role in these evaluations.
Analyzing Earnings History
In the previous quarter, Cardinal Health exceeded EPS estimates by $0.11, resulting in a 1.46% increase in share price the following day. This kind of performance sets the stage for growing investor optimism.
Let's take a detailed glance at how Cardinal Health has performed over the last year, particularly focusing on its quarterly earnings:
Quarterly Performance Overview
- Q4: EPS Estimate - 1.73, EPS Actual - 1.84, Price Change % - 1.0%
- Q3: EPS Estimate - 1.95, EPS Actual - 2.08, Price Change % - -4.0%
- Q2: EPS Estimate - 1.60, EPS Actual - 1.82, Price Change % - -2.0%
- Q1: EPS Estimate - 1.41, EPS Actual - 1.73, Price Change % - 7.0%
Current Stock Performance Insights
As of October 30, Cardinal Health's stock was trading at $107.89. In the past year, the stock has seen a notable increase of 8.19%. This positive trend suggests that shareholders maintain a bullish outlook leading into the earnings release.
Investors paying close attention to Cardinal Health's upcoming earnings are likely hoping for a repeat of previous successes—especially noteworthy surprises that could further boost confidence and stock performance.
The overall stock market climate can also impact Cardinal Health's performance. Investors are carefully weighing macroeconomic factors and how they might affect Cardinal’s future earnings potential.
For those looking to keep a closer eye on Cardinal Health's financial releases and updates, utilizing various financial tools and resources can provide timely information.
Frequently Asked Questions
What date is the upcoming earnings report for Cardinal Health?
The earnings report is scheduled for November 1, 2024.
What is the expected EPS for Cardinal Health?
Analysts expect Cardinal Health to report an EPS of $1.62.
How has Cardinal Health's stock performed in the past year?
Cardinal Health's stock has increased by 8.19% over the last 52 weeks.
What was Cardinal Health's EPS in the last quarter?
Last quarter, Cardinal Health reported an EPS of 1.84, exceeding estimates by $0.11.
Why is guidance important for investors?
Guidance is important as it can significantly influence stock price movements and investor sentiment regarding future performance.
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