Cerner (CERN) Updates Q2 2019 Earnings Guidance

Cerner (NASDAQ:CERN) updated its second quarter 2019 earnings guidance on Thursday. The company provided earnings per share guidance of $0.63-0.65 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.65. The company issued revenue guidance of $1.41-1.46 billion, compared to the consensus revenue estimate of $1.45 billion.Cerner also updated its FY 2019 guidance to $2.64-2.72 EPS.

A number of research firms have recently commented on CERN. Zacks Investment Research upgraded Cerner from a sell rating to a hold rating in a research report on Tuesday, March 26th. Cantor Fitzgerald reiterated a buy rating and set a $75.00 target price on shares of Cerner in a research report on Tuesday, April 9th. Robert W. Baird increased their target price on Cerner from $67.00 to $71.00 and gave the company an outperform rating in a research report on Wednesday, April 10th. Citigroup set a $77.00 target price on Cerner and gave the company a buy rating in a research report on Wednesday, April 10th. Finally, SunTrust Banks upgraded Cerner from a hold rating to a buy rating and increased their target price for the company from $60.00 to $76.00 in a research report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of Buy and an average target price of $68.67.

NASDAQ:CERN traded up $0.48 during midday trading on Friday, hitting $65.08. 4,678,102 shares of the company traded hands, compared to its average volume of 2,519,654. Cerner has a 12-month low of $48.78 and a 12-month high of $67.57. The firm has a market capitalization of $21.11 billion, a PE ratio of 29.45, a PEG ratio of 1.99 and a beta of 0.97. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.38 and a current ratio of 2.41.

Cerner (NASDAQ:CERN) last released its quarterly earnings results on Thursday, April 25th. The company reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.06. Cerner had a return on equity of 14.84% and a net margin of 11.74%. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the prior year, the firm posted $0.58 EPS. Cerner’s quarterly revenue was up 7.5% compared to the same quarter last year. Equities analysts forecast that Cerner will post 2.39 EPS for the current year.

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Cerner Company Profile

Cerner Corporation provides health care information technology solutions and tech-enabled services in the United States and internationally. The company offers Cerner Millennium architecture, a person-centric computing framework, which includes clinical, financial, and management information systems that allow providers to access an individual's electronic health record (EHR) at the point of care, and organizes and delivers information for physicians, nurses, laboratory technicians, pharmacists, front- and back-office professionals, and consumers.

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Earnings History and Estimates for Cerner (NASDAQ:CERN)

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