Can Cerner (CERN) Deliver A Beat This Earnings Season?
Zacks Investment Research | Jul 23, 2017 10:29PM ET
Cerner Corporation (NASDAQ:CERN) is scheduled to report second-quarter 2017 results on Jul 27, after market close. Based in North Kansas City, MO, the company provides healthcare information technology (HCIT) solutions worldwide. Cerner has a stellar four-quarter average earnings surprise of 0.97%.
Last quarter, Cerner reported adjusted earnings of 56 cents per share, beating the Zacks Consensus Estimate of 53 cents. Notably, earnings improved from 49 cents in the year-ago quarter. The company reported net revenues of $1.260 billion, beating the Zacks Consensus Estimate of $1.226 billion. Meanwhile, revenues rose from $1.138 billion in the year-ago period.
Delving deeper into the fundamentals of the stock, let’s see how things are shaping up prior to this release.
Why a Likely Positive Surprise?
Our proven model shows that Cerner is likely to beat earnings because it has the right combination of the two key ingredients.
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