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Cerner will be releasing its quarterly |
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earnings report on October 27, 2011. |
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Released on Monday, October 24, 2011, 8:00 AM ET
Pittsburgh, PA (SpeculatingStocks) - Healthcare is a growing industry around the world, people need new and better treatments for new diseases, and new solutions to their problems are being found every day. Well one company doesn’t just look for solutions but ways to complement them with IT compatibility and usability which facilitate the healthcare industry: Cerner Corporation (NASDAQ:CERN).
Cerner will be releasing its quarterly earnings report on October 27, 2011 and you will want to be on the call to see what they have to offer. Previously the company has been known for its rock-solid financial position: holding only $590 million in debt compared to $2.72 billion in total assets. Increasingly the company is taking an absolute solvency approach and holds cash that is 6 times the amount of current outstanding debts. To make things even better, they aren’t hurting for cash flow with over $200 million on free cash flow, representing nearly 30% of cash on hand.
Cerner also gets a nice return on equity of over 13% and holds a diluted EPS of $0.42 per share according to its last quarterly report. Now why might Cerner be a company to look at when their earnings hit the floor after the market closes on the 27th? Well the company’s quarterly earnings growth year over year has averaged to approximately 29.9%, which is not too bad, their revenue growth is also fairly stable at 15% year over year.
CERN looks to be a well playable stock, but waiting to make the play when the earnings comes out could either make you giddy or burn you bad if you trade too late. If you do plan to play CERN be sure to make an estimate of what you think the earnings to be, and go at it from there, addressing market analyst and comparing can offer benchmarks for your plan.
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