The 10-second takeaway
For the quarter ended March 31 (Q2), AmerisourceBergen met expectations on revenues and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue improved slightly and GAAP earnings per share grew.
Gross margins were steady, operating margins increased, net margins were steady.
AmerisourceBergen reported revenue of $20.07 billion. The 11 analysts polled by S&P Capital IQ anticipated a top line of $20.00 billion on the same basis. GAAP reported sales were 1.6% higher than the prior-year quarter's $19.76 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.83. The 13 earnings estimates compiled by S&P Capital IQ predicted $0.81 per share. GAAP EPS of $0.81 for Q2 were 5.2% higher than the prior-year quarter's $0.77 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 3.5%, about the same as the prior-year quarter. Operating margin was 1.9%, 10 basis points better than the prior-year quarter. Net margin was 1.1%, about the same as the prior-year quarter.
Next quarter's average estimate for revenue is $20.32 billion. On the bottom line, the average EPS estimate is $0.70.
Next year's average estimate for revenue is $80.96 billion. The average EPS estimate is $2.81.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on AmerisourceBergen is outperform, with an average price target of $45.00.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.