Cardinal Health (CAH) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings and revenues for Cardinal Health in the upcoming earnings report, with a focus on how actual results compare to estimates [1][3]. Earnings Expectations - Cardinal Health is expected to report quarterly earnings of $1.74 per share, reflecting a year-over-year decrease of 4.4$54.84 billion, down 4.5% from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analyst expectations [4]. - The Most Accurate Estimate for Cardinal is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +0.42%, suggesting a bullish outlook from analysts [10]. Earnings Surprise Prediction - A positive Earnings ESP is a strong indicator of an earnings beat, especially when combined with a Zacks Rank of 1 (Strong Buy), 2 (Buy), or 3 (Hold) [8]. - Cardinal Health currently holds a Zacks Rank of 2, indicating a high likelihood of beating the consensus EPS estimate [11]. Historical Performance - In the last reported quarter, Cardinal Health exceeded expectations by delivering earnings of $1.88 per share against an expected$1.64, resulting in a surprise of +14.63% [12]. - The company has beaten consensus EPS estimates in all of the last four quarters [13]. Conclusion - While Cardinal Health appears to be a strong candidate for an earnings beat, other factors may also influence stock movement post-earnings release [14][16].