Cardinal Health Earnings Estimate

CAH
 Stock
  

USD 53.10  0.83  1.59%   

Many public companies, such as Cardinal Health, manage the perception of their earnings on a regular basis to make sure that analyst estimates are accurate. Future earnings calculations are also an essential input when attempting to value a firm. By analyzing Cardinal Health's earnings estimates, investors can diagnose different trends across Cardinal Health's analyst sentiment over time as well as compare current estimates against different timeframes.
Cardinal Health is projected to generate 5.55 in earnings per share on the 31st of December 2022. Cardinal Health earnings estimates module stress-tests analyst consensus about projected Cardinal Health EPS (Earning Per Share) to derive its highest and lowest estimates based on its historical volatility. Continue to Trending Equities.
  
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The current Profit Margin is estimated to increase to 0.004192, while Gross Profit is projected to decrease to roughly 7.5 B.

Cardinal Health Earnings Estimation Breakdown

Calculation of earning per share of Cardinal Health is based on official Zacks consensus of 5 analysts regarding Cardinal Health future annual earnings. Given the historical accuracy of 86.33%, the future earnings per share of Cardinal Health is estimated to be 5.55 with the lowest and highest values of 5.22 and 5.75, respectively. Please note that this consensus of annual earnings estimates for Cardinal Health is an estimate of EPS before non-recurring items and including employee stock options expenses
  Current EPS 3.87
5.22
Lowest
Expected EPS 5.55
5.75
Highest

Cardinal Health Earnings Projection Consensus

Suppose the current estimates of Cardinal Health's value are higher than the current market price of the Cardinal Health stock. In this case, investors may conclude that Cardinal Health is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and Cardinal Health's stock will quickly adjusts to the new information provided by the consensus estimate.
Number of AnalystsHistorical AccuracyCurrent EPSEPS Estimate for 31st of December 2022

5

86.33%

3.87

5.55

Cardinal Health Earnings History

Earnings estimate consensus by Cardinal Health analysts from Wall Street is used by the market to judge Cardinal Health's stock performance. The investors also use these earnings estimates to evaluate and project the stock performance into the future in order to make their investment decisions. However, we recommend analyzing not only Cardinal Health's upcoming profit reports and earnings-per-share forecasts but also compare them to our different valuation methods.

Cardinal Health Quarterly Earnings Before Interest Taxes and Depreciation Amortization EBITDA

81 Million

Share
Cardinal Health Earnings Before Interest Taxes and Depreciation Amortization EBITDA are most likely to decrease significantly in the upcoming years. The last year's value of Earnings Before Interest Taxes and Depreciation Amortization EBITDA was reported at 1.16 Billion. The current Earnings before Tax is estimated to increase to about 297.4 M, while Earnings per Basic Share are projected to decrease to 1.65. Cardinal Health Weighted Average Shares is most likely to decrease significantly in the upcoming years. The last year's value of Weighted Average Shares was reported at 262.8 Million. The current Weighted Average Shares Diluted is estimated to increase to about 276.3 M, while Issuance Purchase of Equity Shares is projected to decrease to (194.2 M).
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Cardinal Health's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Cardinal Health in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
51.2152.9354.65
Details
Intrinsic
Valuation
LowReal ValueHigh
47.7956.1657.88
Details
Naive
Forecast
LowNext ValueHigh
55.0556.7758.49
Details
8 Analysts
Consensus
LowTarget PriceHigh
48.0057.5064.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Cardinal Health. Your research has to be compared to or analyzed against Cardinal Health's peers to derive any actionable benefits. When done correctly, Cardinal Health's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Cardinal Health.
Note that many institutional investors and large investment bankers can move markets due to the volume of Cardinal assets they manage. They also follow analysts to some degree and often drive overall investor sentiments towards Cardinal Health. With so many stockholders watching consensus numbers, the difference between actual and projected earnings is one of the most critical factors driving Cardinal stock price in the short term.

Cardinal Health Earnings per Share Projection vs Actual

Actual Earning per Share of Cardinal Health refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering Cardinal Health predict the company's earnings will be in the future. The higher the earnings per share of Cardinal Health, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.

Cardinal Health Estimated Earnings per Share

For an investor who is primarily interested in generating an income out of investing in entities such as Cardinal Health, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of Cardinal Health should always be considered in relation to other companies to make a more educated investment decision.

Cardinal Quarterly Analyst Estimates and Surprise Metrics

Earnings surprises can significantly impact Cardinal Health's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2022-05-05
2022-03-311.531.45-0.08
2022-02-03
2021-12-311.231.270.04
2021-11-09
2021-09-301.34791.29-0.0579
2021-08-05
2021-06-301.19760.77-0.427635 
2021-05-06
2021-03-311.55861.53-0.0286
2021-02-05
2020-12-311.44621.740.293820 
2020-11-05
2020-09-301.1381.510.37232 
2020-08-06
2020-06-300.89161.040.148416 
2020-05-11
2020-03-311.44811.620.171911 
2020-02-06
2019-12-311.221.520.324 
2019-11-07
2019-09-301.09371.270.176316 
2019-08-08
2019-06-300.93741.110.172618 
2019-05-09
2019-03-311.41421.590.175812 
2019-02-07
2018-12-311.09171.290.198318 
2018-11-08
2018-09-301.07321.290.216820 
2018-08-06
2018-06-300.93231.010.0777
2018-05-03
2018-03-311.51221.39-0.1222
2018-02-08
2017-12-311.15931.510.350730 
2017-11-06
2017-09-301.00061.090.0894
2017-08-02
2017-06-301.24421.310.0658
2017-05-01
2017-03-311.45621.530.0738
2017-02-07
2016-12-311.22631.340.1137
2016-10-31
2016-09-301.2021.240.038
2016-08-02
2016-06-301.12931.140.0107
2016-04-28
2016-03-311.32541.430.1046
2016-02-01
2015-12-311.25761.30.0424
2015-11-02
2015-09-301.11.380.2825 
2015-07-30
2015-06-300.9910.01
2015-04-30
2015-03-311.161.190.03
2015-01-29
2014-12-311.11.20.1
2014-10-30
2014-09-300.9610.04
2014-08-04
2014-06-300.810.830.02
2014-05-01
2014-03-311.011.010
2014-01-30
2013-12-310.840.90.06
2013-10-31
2013-09-300.860.920.06
2013-08-01
2013-06-300.770.790.02
2013-05-02
2013-03-310.951.020.07
2013-02-05
2012-12-310.860.930.07
2012-10-30
2012-09-300.790.810.02
2012-08-02
2012-06-300.720.730.01
2012-05-03
2012-03-310.880.940.06
2012-02-02
2011-12-310.760.810.05
2011-10-27
2011-09-300.720.730.01
2011-08-04
2011-06-300.580.60.02
2011-04-28
2011-03-310.690.810.1217 
2011-02-03
2010-12-310.610.730.1219 
2010-10-28
2010-09-300.530.660.1324 
2010-08-05
2010-06-300.490.50.01
2010-04-29
2010-03-310.570.610.04
2010-01-28
2009-12-310.460.570.1123 
2009-11-05
2009-09-300.430.540.1125 
2009-08-18
2009-06-300.860.860
2009-04-30
2009-03-310.950.970.02
2009-02-05
2008-12-310.890.930.04
2008-10-29
2008-09-300.70.740.04
2008-08-07
2008-06-300.950.970.02
2008-05-01
2008-03-311.011.080.07
2008-01-29
2007-12-310.870.90.03
2007-11-05
2007-09-300.860.860
2007-08-09
2007-06-300.870.890.02
2007-04-26
2007-03-310.910.960.05
2007-01-25
2006-12-310.780.830.05
2006-10-27
2006-09-300.760.780.02
2006-08-03
2006-06-300.870.870
2006-04-27
2006-03-310.860.870.01
2006-01-26
2005-12-310.730.740.01
2005-10-26
2005-09-300.720.63-0.0912 
2005-08-05
2005-06-300.890.78-0.1112 
2005-04-29
2005-03-310.890.940.05
2005-02-04
2004-12-310.770.73-0.04
2004-10-26
2004-09-300.940.970.03
2004-04-22
2004-03-310.990.98-0.01
2004-01-22
2003-12-310.860.870.01
2003-10-23
2003-09-300.770.76-0.01
2003-07-31
2003-06-300.890.890
2003-04-23
2003-03-310.860.860
2003-01-23
2002-12-310.770.770
2002-10-22
2002-09-300.660.670.01
2002-08-06
2002-06-300.730.740.01
2002-04-23
2002-03-310.70.710.01
2002-01-22
2001-12-310.630.62-0.01
2001-10-23
2001-09-300.550.570.02
2001-07-31
2001-06-300.580.580
2001-04-26
2001-03-310.560.560
2001-01-30
2000-12-310.50.33-0.1734 
2000-10-24
2000-09-300.430.29-0.1432 
2000-07-25
2000-06-300.470.32-0.1531 
2000-04-25
2000-03-310.460.470.01
2000-01-25
1999-12-310.40.410.01
1999-10-26
1999-09-300.350.350
1999-07-30
1999-06-300.380.390.01
1999-04-28
1999-03-310.360.370.01
1999-01-25
1998-12-310.330.330
1998-10-26
1998-09-300.270.280.01
1998-07-27
1998-06-300.310.320.01
1998-04-22
1998-03-310.320.320
1998-01-26
1997-12-310.270.270
1997-10-20
1997-09-300.220.220
1997-07-31
1997-06-300.240.250.01
1997-04-22
1997-03-310.260.260
1997-01-22
1996-12-310.220.220
1996-10-22
1996-09-300.180.180
1996-07-29
1996-06-300.190.20.01
1996-04-22
1996-03-310.220.220

About Cardinal Health Earnings Estimate

The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of Cardinal Health earnings. We show available consensus EPS estimates for the upcoming years and quarters. Investors can also examine how these consensus opinions have evolved historically. We show current Cardinal Health estimates, future projections, as well as estimates 1, 2, and three years ago. Investors can search for a specific entity to conduct investment planning and build diversified portfolios. Please note, earnings estimates provided by Macroaxis are the average expectations of expert analysts that we track. If a given stock such as Cardinal Health fails to match professional earnings estimates, it usually performs purely. Wall Street refers to that as a 'negative surprise.' If a company 'beats' future estimates, it's usually called an 'upside surprise.'
Please read more on our stock advisor page.
Last ReportedProjected for 2022
Accumulated Retained Earnings Deficit1.1 B1.1 B
Earning Before Interest and Taxes EBIT451.8 M701.9 M
Earnings per Basic Share 1.88  1.65 
Earnings per Diluted Share 1.87  1.63 
Price to Earnings Ratio 24.58  22.55 
Earnings Before Interest Taxes and Depreciation Amortization EBITDA1.2 B1.3 B
Earnings before Tax289.8 M297.4 M
Cardinal Health, Inc. operates as an integrated healthcare services and products company in the United States, Canada, Europe, Asia, and internationally. It provides customized solutions for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories, physician offices, and patients in the home. The company operates in two segments, Pharmaceutical and Medical. The Pharmaceutical segment distributes branded and generic pharmaceutical, specialty pharmaceutical, and over-the-counter healthcare and consumer products. The segment also provides services to pharmaceutical manufacturers and healthcare providers for specialty pharmaceutical products operates nuclear pharmacies and radiopharmaceutical manufacturing facilities repackages generic pharmaceuticals and over-the-counter healthcare products and offers medication therapy management and patient outcomes services to hospitals, other healthcare providers, and payers, as well as provides pharmacy management services to hospitals. The Medical segment manufactures, sources, and distributes Cardinal Health branded medical, surgical, and laboratory products and devices that include exam and surgical gloves needles, syringe and sharps disposals compressions incontinences nutritional delivery products wound care products single-use surgical drapes, gowns, and apparels fluid suction and collection systems urology products operating room supply products and electrode product lines. The segment also distributes a range of national brand products, including medical, surgical, and laboratory products provides supply chain services and solutions to hospitals, ambulatory surgery centers, clinical laboratories, and other healthcare providers and assembles and sells sterile, and non-sterile procedure kits. It has a collaboration agreement with Journey Biosciences, Inc. Cardinal Health, Inc. was founded in 1979 and is headquartered in Dublin, Ohio.

Cardinal Health Investors Sentiment

The influence of Cardinal Health's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Cardinal. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Cardinal Health Implied Volatility

    
  26.81  
Cardinal Health's implied volatility exposes the market's sentiment of Cardinal Health stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Cardinal Health's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Cardinal Health stock will not fluctuate a lot when Cardinal Health's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Cardinal Health in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Cardinal Health's short interest history, or implied volatility extrapolated from Cardinal Health options trading.

Current Sentiment - CAH

Cardinal Health Investor Sentiment

Greater number of Macroaxis users are currently bullish on Cardinal Health. What is your opinion about investing in Cardinal Health? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish

Pair Trading with Cardinal Health

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cardinal Health position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cardinal Health will appreciate offsetting losses from the drop in the long position's value.

Cardinal Health Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to Cardinal Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cardinal Health when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cardinal Health - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cardinal Health to buy it.
The correlation of Cardinal Health is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cardinal Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cardinal Health moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cardinal Health can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Continue to Trending Equities. Note that the Cardinal Health information on this page should be used as a complementary analysis to other Cardinal Health's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

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Is Cardinal Health's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cardinal Health. If investors know Cardinal will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cardinal Health listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
-0.92
Market Capitalization
14.5 B
Quarterly Revenue Growth YOY
0.14
Return On Assets
0.0253
Return On Equity
-1.73
The market value of Cardinal Health is measured differently than its book value, which is the value of Cardinal that is recorded on the company's balance sheet. Investors also form their own opinion of Cardinal Health's value that differs from its market value or its book value, called intrinsic value, which is Cardinal Health's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cardinal Health's market value can be influenced by many factors that don't directly affect Cardinal Health's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cardinal Health's value and its price as these two are different measures arrived at by different means. Investors typically determine Cardinal Health value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cardinal Health's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.