Here's What Key Metrics Tell Us About Premier (PINC) Q1 Earnings

Core Insights - Premier, Inc. reported a revenue of $248.14 million for the quarter ended September 2024, reflecting a decline of 22.2% year-over-year, with an EPS of $0.34 compared to $0.54 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $230.2 million by 7.79%, while the EPS surpassed the consensus estimate of $0.26 by 30.77% [1] Financial Performance Metrics - Net Revenue from Supply Chain Services (Services and software licenses) was $132.63 million, exceeding the average estimate of $120.95 million, but down 11% year-over-year [3] - Net Revenue from Supply Chain Services (Software licenses, other services and support) reached $18.76 million, surpassing the average estimate of $15.88 million, marking a significant increase of 67.7% year-over-year [3] - Net Revenue from Performance Services was $96.75 million, slightly above the estimated $93.44 million, but down 10.4% compared to the previous year [3] - Total Net Revenue from Supply Chain Services was $151.39 million, exceeding the average estimate of $136.83 million, but down 28.2% year-over-year [3] - Adjusted EBITDA for Supply Chain Services was $77.51 million, significantly higher than the estimated $58.16 million [3] - Adjusted EBITDA for Performance Services was $14.95 million, below the estimated $19.75 million [3] - Adjusted EBITDA for Corporate was -$30.03 million, worse than the estimated -$22.52 million [3] Stock Performance - Premier's shares have returned +4.9% over the past month, contrasting with a -0.5% change in the Zacks S&P 500 composite [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [4]