Cerner Corp. (CERN) Updates FY14 Earnings Guidance
Cerner Corp. (NASDAQ:CERN) updated its FY14 earnings guidance on Tuesday. The company provided EPS guidance of $1.62-1.67 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.66, American Banking and Market News reports. The company issued revenue guidance of $3.2-3.4 billion, compared to the consensus revenue estimate of $3.33 billion.Cerner Corp. also updated its Q1 guidance to $0.36-0.37 EPS.
A number of research firms have recently commented on CERN. Analysts at ISI Group upgraded shares of Cerner Corp. from a neutral rating to a strong-buy rating in a research note to investors on Wednesday, January 22nd. They now have a $65.00 price target on the stock, up previously from $60.00. On a related note, analysts at Zacks reiterated a neutral rating on shares of Cerner Corp. in a research note to investors on Friday, November 29th. They now have a $61.00 price target on the stock. Finally, analysts at Deutsche Bank initiated coverage on shares of Cerner Corp. in a research note to investors on Wednesday, November 20th. They set a buy rating and a $71.00 price target on the stock. One analyst has rated the stock with a sell rating, nine have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Cerner Corp. currently has an average rating of Buy and an average target price of $70.64.
Shares of Cerner Corp. (NASDAQ:CERN) traded up 1.69% on Tuesday, hitting $56.60. The stock had a trading volume of 3,492,108 shares. Cerner Corp. has a 52-week low of $41.41 and a 52-week high of $59.42. The stock’s 50-day moving average is $55.24 and its 200-day moving average is $53.14. The company has a market cap of $19.429 billion and a P/E ratio of 43.48.
Cerner Corp. (NASDAQ:CERN) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. The company had revenue of $793.20 million for the quarter, compared to the consensus estimate of $794.22 million. During the same quarter in the previous year, the company posted $0.67 earnings per share. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. Analysts expect that Cerner Corp. will post $1.41 EPS for the current fiscal year.
Cerner Corporation is a supplier of healthcare information technology solutions, services, devices and hardware.
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