Premier Foods PLC. (PRRFY) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. The power o ...

Moreover, PRRFY is currently trading at 99.7% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout. Looking at the fundamentals, the stock currently carries a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock's near-term price movements. The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to cl ...

NEW YORK, May 17, 2024 (GLOBE NEWSWIRE) -- Intelligent Bio Solutions Inc. (Nasdaq: INBS) ("INBS" or the "Company"), a medical technology company delivering intelligent, rapid, non-invasive testing solutions, today announced the successful exhibition of its Intelligent Fingerprinting Drug Screening Solution at The Health & Safety Event 2024, the United Kingdom's largest annual technology showcase exhibiting products and services that strengthen and support workplace safety standards. According to the event w ...

SANTA CLARA, Calif. and PUNE, India, May 16, 2024 /PRNewswire/ -- Persistent Systems(BSE: PERSISTENT) (NSE: PERSISTENT), a global Digital Engineering and Enterprise Modernization leader, today announced that it achieved Premier Services Partner status with Snowflake, the Data Cloud company. As a Premier Services Partner, Persistent will be able to accelerate clients' data journeys, enabling them to leverage the Snowflake Data Cloud's flexibility, accuracy, and scalability. It reaffirms the Company's commitm ...

Exhibit 99.1 Premier, Inc. Reports Fiscal-Year 2024 Third-Quarter Results CHARLOTTE, N.C., May 7, 2024 - Premier, Inc. (NASDAQ: PINC), a leading technology-driven healthcare improvement company, today reported financial results for the fiscal-year 2024 third quarter ended March 31, 2024. Third-quarter results: "Our third quarter results, which exceeded our expectations for profitability, reflect ongoing adoption of our products and services by members and other customers," said Michael J. Alkire, Premier's ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 (Exact name of registrant as specified in its charter) Delaware 35-2477140 (State or other jurisdiction of incorporation or organization) 13034 Ballantyne Corporate Place Charlotte, North Carolina 28277 (Address of principal executive offices) (Zip Code) (704) 357-0022 (Registrant's ...

Financial Data and Key Metrics Changes - Total net revenue increased from the prior year period, driven by growth in both Supply Chain Services and Performance Services segments [9][19] - GAAP net loss was $49.2 million for the quarter, primarily due to a $140 million impairment charge related to the Contigo Health business [25] - Adjusted net income decreased, primarily due to factors impacting adjusted EBITDA, but was partially offset by a decrease in interest expense [29] - Cash flow from operations for the first nine months of fiscal 2024 was $190.3 million, down from $331.2 million in the prior year period [31] Business Line Data and Key Metrics Changes - In the Supply Chain Services segment, higher net administrative fees were driven by growth in member purchasing, while direct sourcing business revenue was relatively flat due to lower pricing for certain products [20][21] - Performance Services segment revenue increased due to higher contributions from enterprise license agreements, partially offset by a decrease in the Applied Sciences business [23] - Adjacent markets businesses delivered over 20% revenue growth during the first nine months of fiscal 2024 [24] Market Data and Key Metrics Changes - Cash and cash equivalents totaled $61.9 million as of March 31, 2024, down from $89.8 million as of June 30, 2023, primarily due to cash used for accelerated share repurchase and repayment of credit facility [32] - Total proceeds from the sale of non-healthcare GPO operations reached $629.8 million as of March 31, 2024, with expectations of final purchase price up to $738 million [33] Company Strategy and Development Direction - The company is focused on technology enabling and streamlining supply chain operations, leveraging data, technology, and AI capabilities to support provider performance improvement [10][11] - The company aims to enhance healthcare delivery through partnerships and technology solutions, as evidenced by recent agreements with health systems [12][15] - Future expectations include a decline in Supply Chain Services revenue due to increased member fee share, while anticipating growth in adjacent markets [37] Management's Comments on Operating Environment and Future Outlook - Management reaffirmed guidance for fiscal 2024, indicating confidence in meeting expectations despite challenges in the operating environment [9][36] - The company anticipates continued growth in member purchasing and gross administrative fees, but this will be offset by increased member fee share impacting profitability [38] - Management highlighted the importance of technology investments to help healthcare systems manage labor costs and improve care delivery [62][64] Other Important Information - The company executed a $400 million accelerated share repurchase transaction during the quarter, part of a broader $1 billion share repurchase authorization [34] - A dividend of $0.21 per share was declared, payable on June 15, 2024 [35] Q&A Session Summary Question: Understanding underlying supply chain performance and early termination benefits - The early termination payment was approximately $5 million for the quarter, which was factored into guidance [45] Question: Renewal process and fee share expectations - About one-third of the book has been renewed with revised pricing, with expectations to reach about three-fourths by the end of fiscal 2025 [46][47] Question: Long-term fee share outlook - Current expectations suggest that the blended fee share will likely remain in the low 60% range, with potential for slight increases [51] Question: Performance Services solutions and customer receptivity - Interest in AI-enabled capabilities is growing, with about 10% to 20% of health systems being innovators in utilizing such technologies [67] Question: Impact of PPE demand normalization - PPE demand is trending as expected, with price reductions continuing to be managed [101]

Paid dividends of $73.1 million to stockholders in first nine months of 2024 Board declared a dividend of $0.21 per share, payable on June 15, 2024, to stockholders of record as of June 1, 2024 The company does not meaningfully reconcile guidance for non-GAAP adjusted EBITDA and non-GAAP adjusted earnings per share to net income attributable to stockholders or earnings per share attributable to stockholders because the company cannot provide guidance for the more significant reconciling items between net in ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-36092 Premier, Inc. (Exact name of registrant as specified in its charter) Delaware 35-2477140 (State or other jurisdiction ...

Premier, Inc. (NASDAQ:PINC) Q2 2024 Earnings Conference Call February 6, 2024 8:00 AM ET Company Participants Ben Krasinski - Senior Director, Investor Relations Michael Alkire - President and Chief Executive Officer Craig McKasson - Chief Financial Officer and Chief Administrative Officer Conference Call Participants Stephanie Davis - Barclays Richard Close - Canaccord Genuity Kevin Caliendo - UBS Allen Lutz - Bank of America Eric Coldwell - Baird Jessica Tassan - Piper Sandler William Sutherland - Benchma ...