Cerner Earned 78 Cents per Share

After today’s closing bell, Cerner (CERN) reported Q4 earnings of 78 cents per share. Previously, the company told us to expect quarterly earnings between 76 and 80 cents per share. Cerner is usually pretty accurate with its guidance.

Revenues came in at $1.395 billion. The company had been expecting between $1.365 billion and $1.415 billion.

Covid hit Cerner pretty hard, but the company has managed itself well. For the year, Cerner made $2.84 per share. That’s up from $2.68 per share in 2019.

“Cerner’s fourth quarter results reflect a very solid finish to the year,” said Brent Shafer, Chairman and CEO, Cerner. “I’m pleased with Cerner’s execution and commitment to supporting our clients in a challenging environment. Despite these challenges, Cerner delivered on financial goals, continued to make operational improvements, and further refined our growth strategies. As a result of our progress in 2020, we enter 2021 well-positioned to deliver increased value to our clients while also driving profitable growth for shareholders.”

Now let’s look at guidance.

For Q1, Cerner expects earnings of 72 to 76 cents per share on revenue of $1.37 billion to $1.42 billion. Wall Street had been expecting 76 cents per share.

For the whole year, Cerner sees earnings of $3.10 to $3.20 per share on revenue of $5.75 billion to $5.95 billion. Wall Street had been expecting $3.22 per share.

In December, Cerner hiked its dividend by 22% to 22 cents per share.

Posted by on February 10th, 2021 at 4:09 pm


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