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Bear Of The Day: Cerner Corp (CERN)

Brian Bolan

Cerner Corporation (CERN) recently missed the Zacks Consensus Estimate and that led to analysts lowering future earnings estimates.  When that happens, the Zacks Rank falls, and now as a Zacks Rank #5 (Strong Sell) CERN is the Bear of the Day.

Description

Cerner Corporation is contributing to the systemic change of health and care delivery. For more than 30 years Cerner has been executing its vision to make health care safer and more efficient. Leveraging the experience of more than three decades in clinical information systems, Cerner is building on the knowledge that is in the system to support evidence-based clinical decisions, prevent medical errors and empower patients in their care. The company offers Cerner Millennium architecture, which includes clinical, financial, and management information systems that allow providers to access an individual's electronic health record at the point of care, and organizes and delivers information for physicians, nurses, laboratory technicians, pharmacists, front- and back-office professionals, and consumers.

Earnings History

The most recent report was a miss, but it was only 1 cent.  Prior to that, there were two meets and one beat out of the last four reports.  To me, that looks ok and is not enough to become a Zacks Rank #5 (Strong Sell).

Estimates Revisions

The detailed estimates page shows me that there have been a ton of negative revisions over the last 60 days.  This is the reason the stock is now a Zacks Rank #5 (Strong Sell)

Estimates have moved from $2.50 to $2.43 for this year and from $2.78 to $2.62 next year.  When earnings estimates move lower, so does the Zacks Rank.

 

Cerner Corporation Price and Consensus

Cerner Corporation Price and Consensus | Cerner Corporation Quote

 

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