Premier Inc (NASDAQ: PINC) has reported E.P.S. of $-0.36 for its third fiscal quarter (ending March 31) versus $0.39 for the same period a year ago — a decline of -192%. This performance was $-0.92 short of the consensus estimate of $0.56. For the latest four quarters through March 31, E.P.S. were $0.68 versus $1.54 for the same period a year ago — a decline of -56%.
Recent Price Action
Premier Inc (NASDAQ: PINC) stock suffered a large decline of -6.3% on 5/7/24. The stock closed at $19.41. Moreover, this decline was accompanied by exceptionally high trading volume at 228% of normal. The stock has declined -8.3% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, PINC is expected to continue to be a Value Builder.
Premier has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Premier has a good Appreciation Score of 82 but a slightly negative Power Rating of 33, triggering the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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