Will Cardinal (CAH) Beat Estimates Again in Its Next Earnings Report?

Core Viewpoint - Cardinal Health (CAH) is positioned well to continue its trend of beating earnings estimates, particularly in the upcoming quarterly report [1]. Earnings Performance - Cardinal Health has a strong track record of exceeding earnings estimates, with an average surprise of 10.81% over the last two quarters [2]. - In the last reported quarter, the company achieved earnings of $1.88 per share, surpassing the Zacks Consensus Estimate of $1.64 per share by 14.63% [3]. - For the previous quarter, Cardinal Health's earnings were $1.84 per share against an expected $1.72 per share, resulting in a surprise of 6.98% [3]. Earnings Estimates and Predictions - Recent favorable changes in earnings estimates for Cardinal Health indicate a positive outlook, supported by a positive Earnings ESP (Expected Surprise Prediction) [4]. - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better has historically led to a positive surprise rate of nearly 70% [5]. - Cardinal Health currently has an Earnings ESP of +0.42%, suggesting increased analyst optimism regarding the company's earnings prospects [7]. Upcoming Earnings Report - The next earnings report for Cardinal Health is expected to be released on January 30, 2025 [7].