Earnings To Watch: McKesson (MCK) Set To Announce Q4 Results Tomorrow
McKesson Set to Release Earnings: What Investors Should Know
McKesson (NYSE:MCK), a leading distributor and service provider in the healthcare sector, is scheduled to report its latest earnings after the market closes this Wednesday. Here’s a preview of what the market is anticipating.
In the previous quarter, McKesson’s revenue reached $103.2 billion, marking a 10.1% increase compared to the same period last year. However, this figure fell short of Wall Street’s revenue projections by 0.9%. While the company surpassed analysts’ expectations for earnings per share, it narrowly missed revenue forecasts, resulting in a mixed performance.
For the upcoming quarter, analysts predict McKesson’s revenue will climb 11.5% year-over-year to $106.2 billion, which would represent a slowdown from the 17.8% growth seen in the same quarter last year. Adjusted earnings per share are projected to be $9.27.
Analyst Sentiment and Recent Performance
Over the past month, analysts have largely maintained their forecasts for McKesson, indicating expectations for consistent performance as the company approaches its earnings release. Notably, McKesson has missed revenue estimates from Wall Street five times in the last two years.
Industry Peers: Recent Results
Several companies in the healthcare providers and services industry have already shared their fourth-quarter results, offering some context for McKesson’s upcoming report. HCA Healthcare posted a 6.7% year-over-year revenue increase, slightly below analyst expectations by 1%. UnitedHealth, on the other hand, reported a 12.3% rise in revenue, aligning with consensus estimates. Following their announcements, HCA Healthcare’s stock rose by 4%, while UnitedHealth’s shares declined by 16.4%.
Market Trends and Analyst Targets
Investors in the healthcare providers and services sector have remained steady ahead of earnings, with share prices holding flat over the past month. McKesson’s stock has gained 2.6% during this period. The average analyst price target for McKesson stands at $945.33, compared to its current price of $846.48.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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