Earnings To Watch: Cardinal Health (CAH) Reports Q2 Results Tomorrow
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Healthcare distributor and services company Cardinal Health (NYSE:CAH) will be announcing earnings results this Tuesday before market hours. Here's what to expect. Cardinal Health missed analysts' revenue expectations last quarter, reporting revenues of $60.94 billion, up 11% year on year. It was a satisfactory quarter for the company, with a solid beat of analysts' full-year EPS guidance estimates. Is Cardinal Health a buy or sell going into earnings? Read our full analysis here, it's free for active Edge members. This quarter, the market is expecting Cardinal Health's revenue to grow 8.7% year on year, improving from its flat revenue in the same quarter last year. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Cardinal Health has missed Wall Street's revenue estimates multiple times over the last two years. Looking at Cardinal Health's peers in the healthcare providers & services segment, some have already reported their Q2 results, giving us a hint as to what we can expect. McKesson delivered year-on-year revenue growth of 7.7%, beating analysts' expectations by 1.2%, and CVS Health reported revenues up 7.3%, topping estimates by 6.7%. McKesson's stock price was unchanged after the resultswhile CVS Health was down 7.9%. Read our full...
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