Premier (PINC) Tops Q2 EPS by 11c, Offers FY Guidance

Premier (NASDAQ: PINC) reported Q2 EPS of $0.65, $0.11 better than the analyst estimate of $0.54. Revenue for the quarter came in at $422.8 million versus the consensus estimate of $386.49 million.

GUIDANCE:

Premier sees FY2021 EPS of $2.26-$2.39, versus the consensus of $2.26. Premier sees FY2021 revenue of $1.61-1.65 billion, versus the consensus of $1.41 billion.

• Premier announced financial guidance for full fiscal year 2021. The company expects total net revenue to be in the range of $1.608 billion to $1.653 billion, adjusted EBITDA to be in the range of $445 million to $465 million, and adjusted EPS to be in the range of $2.26 to $2.39. The company also reiterated that, adjusted for the impact of the COVID-19 pandemic, beginning in fiscal year 2022, it expects to target a multi-year, compound annual growth rate in the mid-to-high single digits for consolidated net revenue, adjusted EBITDA and adjusted EPS.

For earnings history and earnings-related data on Premier (PINC) click here.

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