Sector • Technology Industry • Internet Services & Social Media |
Industry • Internet Services & Social Media |
Sector • Technology |
Bottom-line Soared by 21.88 % at the Internet Services & Social Media company in the financial third quarter of 2023
Premier Inc delivered third quarter of 2023 operating profit of $62.566 million
Published May 04 2023 / Modified May 04 2023
CSIMarket Team / CSIMarket.com
The company's recent financial results indicate a return on average invested assets (ROI) of 7.18% in the third quarter of 2023, which is well below the company's average ROI of 15.3%. Premier Inc's overall ranking in terms of ROI has also deteriorated, moving from 798 to 1060.
Additionally, it should be noted that 144 other companies within the technology sector have a higher ROI than Premier Inc.
While earnings per share have improved by 21.88% to $0.39, this is tempered by a declining revenue of -7.36% to $322.23 million year on year.
Net earnings did increase by 24.52% to $48.649 million in the third quarter of 2023 compared to the same period last year, but this is not enough to compensate for the lower ROI figures.
Profit margins, on the other hand, indicate some improvements, with the net margin rising to 15.1% and an uptick in the operating margin to 19.42%.
Premier Inc has reported contradictory financial results for the third quarter of 2023, and any potential investors should exercise caution.
While some metrics, such as earnings per share and net earnings, have shown improvement, ROI figures are comparatively lower than both the company's average figure and other companies in the technology sector.
Investors should carefully weigh the potential risks and rewards before deciding to invest in Premier Inc, and should keep an eye out for the company's next financial results report, expected to be released on August 15, 2023.
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Deterioration in Earnings per Share by -12.9 % at the PINC in most recent fiscal period
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Double Digit EPS advance by 18.97 % at PINC over the April to June 30 2022 interval
Other PINC's news
Navigating Turbulence: Premier, Inc?s Strategic Course amidst Market Challenges
Premier Inc Navigates Revenue Challenges as Top Health Systems Recognized
Premier, Inc. Resonates Financial Stability and Shareholder Commitment through Dividend Declaration
Premier Inc*s Modest Revenue Growth Falls Short of Industry Peers in Q1 2024
Premier Inc Disappoints Investors with Lackluster Results and Declining Stock Performance
Deterioration in Earnings per Share by -12.9 % at the PINC in most recent fiscal period
Confronting the headwinds, the in the financial first quarter of 2023
Double Digit EPS advance by 18.97 % at PINC over the April to June 30 2022 interval