Benzinga | Nov 2, 2020 04:54PM EST

Premier: Q1 Earnings Insights

Shares of Premier (NASDAQ:PINC) were unchanged in after-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share fell 16.18% year over year to $0.57, which beat the estimate of $0.49.

Revenue of $346,887,000 higher by 14.71% year over year, which beat the estimate of $305,010,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Premier hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Nov 02, 2020

Time: 05:00 PM

ET Webcast URL: https://edge.media-server.com/mmc/p/k339isp9

Price Action

52-week high: $39.70

52-week low: $27.11

Price action over last quarter: Up 7.53%

Company Overview

Premier is a Charlotte, North Carolina-based national group purchasing organization providing primary supply chain services to large hospital systems and more recently to alternate outpatient locations as it expands its footprint. Through acquisitions, the company also offers a compliment of advisory services and consulting services along with software-as-a-service-based subscriptions. The company's revenue is all sourced domestically and is reported in two business segments: the core supply chain services (approximately 70% of fiscal 2019 revenue) and the consulting and technology platform of performance services (approximately 30%).