Wall Street analysts expect Cencora (COR) to post quarterly earnings of $4.05 per share in its upcoming report, which indicates a year-over-year increase of 8.6%. Revenues are expected to be $85.97 billion, up 5.5% from the year-ago quarter.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Given this perspective, it's time to examine the average forecasts of specific Cencora metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts forecast 'Revenue- Total U.S. Healthcare Solutions' to reach $76.72 billion. The estimate suggests a change of +3.6% year over year.
Analysts expect 'Revenue- Total International Healthcare Solutions' to come in at $7.45 billion. The estimate indicates a change of -0.1% from the prior-year quarter.
It is projected by analysts that the 'Operating income- International Healthcare Solutions' will reach $165.26 million. Compared to the present estimate, the company reported $182.09 million in the same quarter last year.
The average prediction of analysts places 'Operating income- U.S. Healthcare Solutions' at $792.81 million. Compared to the current estimate, the company reported $767.34 million in the same quarter of the previous year.
View all Key Company Metrics for Cencora here>>>
Shares of Cencora have experienced a change of +4.3% in the past month compared to the +0.9% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), COR is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Cencora, Inc. (COR): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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