Cardinal Health Inc (CAH) to Release Quarter 2 Numbers

Friday, July 31, 2020 4:05 PM | Neal Farmer

What's Happening with cah

Cardinal Health Inc (https://www.investorsobserver.com/symbols/CAH) is scheduled to report Quarter 2 numbers before the market open on August 6. Analysts forecast earnings of $0.29 per share for the quarter. During the same period last year the company earned $0.22, and the stock is up 7.9% on the year.

Technical Analysis

CAH was recently trading at $54.59 down $6.09 from its 12-month high and $15.54 above its 12-month low. InvestorsObserver gives CAH a 68 long-term technical score and a 46 short-term technical score. The stock has recent support above $48.47 and recent resistance below $57.48. Of the 12 analysts who cover the stock 4 rate it Strong Buy, 0 rate it Buy, 8 rate it Hold, 0 rate it Sell, and 0 rate it Strong Sell, CAH gets an overall score of 59 from InvestorsObserver.

Analysts' Thoughts

CAH has shown annual earnings growth of 2.40% over the last five years, and looking ahead analysts expect the company to grow profits 4.85% per annum the next five years. Last quarter the company posted better than expected EPS and this quarter the street expects $0.29 EPS. CAH is currently trading at $54.59 with an average price target of $58.07

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