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Compared to Estimates, Cencora (COR) Q3 Earnings: A Look at Key Metrics
ZACKS· 2024-08-01 01:30
Cencora (COR) reported $74.24 billion in revenue for the quarter ended June 2024, representing a year-overyear increase of 10.9%. EPS of $3.34 for the same period compares to $2.92 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $73.58 billion, representing a surprise of +0.90%. The company delivered an EPS surprise of +5.03%, with the consensus EPS estimate being $3.18. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how t ...
Cencora(COR) - 2024 Q3 - Quarterly Report
2024-07-31 20:05
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | --- | --- | |-------------------------------------------------------|------------------------------------------------------------------|--------------------------------- ...
Cencora (COR) Q3 Earnings Beat Estimates, '24 View Raised
ZACKS· 2024-07-31 18:57
Cencora, Inc. (COR) reported third-quarter fiscal 2024 adjusted earnings per share (EPS) of $3.34, which beat the Zacks Consensus Estimate of 3.18 by 5%. The bottom line also improved 14.4% year over year. GAAP EPS was $2.42, up 3% from that reported in the year-ago period. Revenue Details Revenues totaled $74.2 billion, up 10.9% year over year. The top line beat the Zacks Consensus Estimate by 0.8%. Segmental Analysis U.S. Healthcare Solutions Revenues in this segment totaled $67.2 billion, up 12.2% on a y ...
Cencora(COR) - 2024 Q3 - Earnings Call Transcript
2024-07-31 15:12
Cencora, Inc. (NYSE:COR) Q3 2024 Earnings Conference Call July 31, 2024 8:30 AM ET Company Participants Bennett Murphy - Senior Vice President, Head of Investor Relations & Treasury Steve Collis - Chairman, President & Chief Executive Officer Bob Mauch - Executive Vice President & Chief Operating Officer Jim Cleary - Executive Vice President & Chief Financial Officer Conference Call Participants Lisa Gill - JPMorgan Michael Cherny - Leerink Partners Elizabeth Anderson - Evercore ISI Allen Lutz - Bank of Ame ...
Cencora(COR) - 2024 Q3 - Earnings Call Presentation
2024-07-31 12:47
• Disability:IN announced that Cencora earned the recognition of a "Best Place to Work for Disability Inclusion" for the second year in a row based on the company's score on the Disability Equality Index. | --- | --- | |-----------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | Financial highlights & fiscal 2024 guidance | | • Adj ...
Cencora (COR) Surpasses Q3 Earnings and Revenue Estimates
ZACKS· 2024-07-31 12:41
Cencora (COR) came out with quarterly earnings of $3.34 per share, beating the Zacks Consensus Estimate of $3.18 per share. This compares to earnings of $2.92 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 5.03%. A quarter ago, it was expected that this prescription drug distributor would post earnings of $3.65 per share when it actually produced earnings of $3.80, delivering a surprise of 4.11%. Over the last four quarters, ...
Cencora(COR) - 2024 Q3 - Quarterly Results
2024-07-31 10:32
Exhibit 99.1 Press Release CENCORA REPORTS FISCAL 2024 THIRD QUARTER RESULTS Revenue of $74.2 billion for the Third Quarter, a 10.9 Percent Increase Year-Over-Year Third Quarter GAAP Diluted EPS of $2.42 and Adjusted Diluted EPS of $3.34 Adjusted Diluted EPS Guidance Range Raised to $13.55 to $13.65 for Fiscal 2024 CONSHOHOCKEN, PA, July 31, 2024 - Cencora, Inc. (NYSE: COR) today reported that in its fiscal year 2024 third quarter ended June 30, 2024, revenue increased 10.9 percent year-over-year to $74.2 b ...
Will These 4 MedTech Stocks Beat Forecasts This Earnings Season?
ZACKS· 2024-07-30 18:35
The second-quarter 2024 earnings season has just begun for the Medical sector (one of the 16 broad Zacks sectors within the Zacks Industry classification), with several MedTech players ready to release their quarterly results. The latest Earnings Trends indicates that 16.9% of the companies in the Medical sector, constituting nearly 33.8% of the sector's market capitalization, reported earnings until Jul 24. All reported companies beat on their respective earnings and revenues. Earnings increased 4.2% year ...
Why Cencora (COR) is a Top Momentum Stock for the Long-Term
ZACKS· 2024-07-30 14:50
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days. Valu ...
Cencora (COR) to Report Q3 Earnings: Is a Beat in Store?
ZACKS· 2024-07-29 14:00
In the last reported quarter, the company delivered an earnings surprise of 4.11%. Its earnings beat estimates in each of the trailing four quarters, delivering an average surprise of 6.12%. The Zacks Consensus Estimate for revenues is pegged at $73.58 billion, indicating an improvement of 9.9% from the top line reported in the prior-year quarter. The consensus mark for earnings is pinned at $3.18 per share, implying growth of 8.9% from the year-ago quarter's recorded number. Sustained strong growth in spec ...