Cerner Currently Expects Q4 Adj. EPS Between $0.56 And $0.58

(RTTNews) - Cerner Corp. (CERN) announced the company currently expects its fourth quarter revenue between $1.15 billion and $1.2 billion, adjusted earnings per share before share based compensation expense, voluntary separation plan expense and acquisition-related adjustments between $0.56 and $0.58, and new business bookings between $1.45 billion and $1.55 billion. The company noted that share based compensation expense is expected to reduce earnings per share by approximately $0.03 to $0.04 in the fourth quarter of 2015.

Analysts polled by Thomson Reuters expect the company to report profit per share of $0.61 for the quarter.

The company also issued preliminary comments on expected 2016 results. Cerner currently expects 2016 revenue to be over $5 billion. Cerner currently expects 2016 adjusted diluted earnings per share before share-based compensation and acquisition-related adjustments between $2.30 and $2.40 cents per share. Analysts polled by Thomson Reuters expect the company to report profit per share of $2.53 for 2016.

Cerner believes the primary potential differences between its 2016 preliminary view and the consensus estimate may include higher non-cash expenses and professional services contributions.

For the third-quarter 2015, Cerner reported adjusted earnings per share of $0.54, an increase of 29% from the year-ago quarter. Third quarter revenue was $1.128 billion, an increase of 34% from the year-ago period. Bookings in the third quarter of 2015 were $1.59 billion, an all-time high and an increase of 44% year-over-year.