AMERISOURCEBERGEN CORP (NYSE: ABC) has reported earnings for its fourth fiscal quarter (ending September 30) of $1.74 versus $1.42 for the same period a year ago — an increase of 23%. However, this result fell short of the consensus estimate of $2.80 by $-1.06. For the latest four quarters through September 30, E.P.S. were $8.62 compared to $8.15 a year ago — an increase of 6%.
Recent Price Action
AMERISOURCEBERGEN CORP (NYSE: ABC) stock enjoyed a large increase of 2.6% on 11/2/23. The stock closed at $192.18. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 1.6% during the last week.
Current PriceTarget Research Rating
ABC is expected to be an important Value Eraser reflecting capital returns that are forecasted to fall short of the cost of capital.
AMERISOURCEBERGEN CORP is currently unrated.
Rating Review
The stock is currently unrated.