Singapore Markets open in 3 hrs 38 mins

AmerisourceBergen (ABC) Beats on Earnings in Q4, Sales Miss

Zacks Equity Research

Chesterbrook, PA-based AmerisourceBergen Corporation ABC is one of the world’s largest pharmaceutical services companies, which focuses on providing drug distribution and related services to reduce healthcare costs and improve patient outcomes.

AmerisourceBergen serves healthcare providers and pharmaceutical manufacturers in the pharmaceutical supply channel. The company has been actively pursuing acquisitions to strengthen its core areas and diversify.

Currently, AmerisourceBergen has a Zacks Rank #3 (Hold) but that could definitely change following its fourth-quarter fiscal 2017 earnings report which has just released. (You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.)

Interestingly, AmerisourceBergen has an impressive track of comfortably beating estimates in each of the four trailing quarters. It has an average positive surprise of 6%. Below we have highlighted some of the key stats from this just-revealed announcement:

Earnings: AmerisourceBergen topped earnings in the reported quarter. Our consensus called for earnings of $1.32 per share, and the company reported adjusted earnings of $1.33 per share.

Revenue: AmerisourceBergen posted revenues of $39.1 billion in the reported quarter, which came below our consensus estimate of $40.1 billion.

AmerisourceBergen Corporation (Holding Co) Price and Consensus


AmerisourceBergen Corporation (Holding Co) Price and Consensus | AmerisourceBergen Corporation (Holding Co) Quote

Key Stats: Revenue at the Pharmaceutical Distribution Services segment was $37.7 billion, up 3.9% on a year-over-year basis. Revenue at the Other segment was $1.5 billion, up 12.2% compared to the same period in the prior fiscal year.

For fiscal 2017, AmerisourceBergen reported adjusted earnings of $5.88 per share, up 4.6% year over year. Revenue increased 4.3% to $153.1 billion on a year-over-year basis.

Coming to guidance, AmerisourceBergen expects adjusted earnings per share for fiscal 2018 in the band of $5.90 to $6.15. Revenue growth for fiscal 2018 is expected in the range of 7% to 9%.

Check back later for our full write up on this AmerisourceBergen earnings report later!

Zacks’ Best Private Investment Ideas

While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.

Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.

Click here for Zacks' private trades >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AmerisourceBergen Corporation (Holding Co) (ABC) : Free Stock Analysis Report
To read this article on click here.
Zacks Investment Research