Premier(US:PINC) ZACKSยท2024-08-20 14:31Core Insights - Premier, Inc. reported revenue of $350.27 million for the quarter ended June 2024, marking a year-over-year increase of 2.9% and a surprise of +12.33% over the Zacks Consensus Estimate of $311.82 million [1] - The EPS for the same period was $0.69, compared to $0.68 a year ago, with an EPS surprise of +40.82% against the consensus estimate of $0.49 [1] Revenue Performance - Net Revenue from Supply Chain Services - Products was $50.77 million, which is -17.6% year-over-year and below the average estimate of $55.63 million [3] - Net Revenue from Supply Chain Services - Services and software licenses - Net administrative fees was $165.42 million, representing a +4.6% year-over-year increase and exceeding the average estimate of $141.30 million [4] - Net Revenue from Supply Chain Services - Services and software licenses was $179.22 million, surpassing the average estimate of $152.73 million [5] - Net Revenue from Performance Services was $120.36 million, which is +7.2% year-over-year and above the average estimate of $103.53 million [6] - Total Net Revenue from Supply Chain Services was $229.98 million, reflecting a +0.9% year-over-year change and exceeding the average estimate of $208.36 million [8] Adjusted EBITDA - Adjusted EBITDA for Supply Chain Services was $123.45 million, significantly higher than the average estimate of $98.21 million [9] - Adjusted EBITDA for Performance Services was $33.67 million, also above the average estimate of $24.57 million [10] - Adjusted EBITDA for Corporate was -$38.42 million, worse than the average estimate of -$30.71 million [11] Stock Performance - Shares of Premier have returned +1.6% over the past month, compared to the Zacks S&P 500 composite's +1.9% change, with a current Zacks Rank of 3 (Hold) indicating potential performance in line with the broader market [11]