Compared to Estimates, Cencora (COR) Q3 Earnings: A Look at Key Metrics
Cencora (COR) reported $74.24 billion in revenue for the quarter ended June 2024, representing a year-over-year 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 they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Cencora performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Total International Healthcare Solutions
: $7.05 billion versus $7.40 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +0.1% change.
Revenue- Total U.S. Healthcare Solutions
: $67.19 billion versus the four-analyst average estimate of $66.48 billion. The reported number represents a year-over-year change of +12.2%.
Revenue- Intersegment eliminations
: -$2.12 million versus -$1.64 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +127.3% change.
Revenue- International Healthcare Solutions- Alliance Healthcare
: $5.64 billion compared to the $5.99 billion average estimate based on two analysts. The reported number represents a change of -1% year over year.
Revenue- U.S. Healthcare Solutions- Animal Health
: $1.37 billion versus the two-analyst average estimate of $1.37 billion. The reported number represents a year-over-year change of +4%.
Revenue- U.S. Healthcare Solutions- Human Health
: $65.82 billion versus the two-analyst average estimate of $65.38 billion. The reported number represents a year-over-year change of +12.4%.
Revenue- International Healthcare Solutions- Other Healthcare Solutions
: $1.41 billion versus $1.37 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +4.5% change.
View all Key Company Metrics for Cencora here>>>
Shares of Cencora have returned +3.8% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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