McKesson Corporation (NYSE:MCK) Drugs Wholesaler, is expected to report first quarter earnings results, before market open, on Monday 3rd August 2020.
Analysts polled by Thomson Reuters anticipate first quarter income of $ 2.30 per share.
Looking ahead, the full year income are expected at $ 14.41 per share on the revenues of $ 234833.00 million.
The Company Outlook
Full Year 2021 topline are forecasted in a range of$ 235.67 billion ~ $ 240.39 billion, where as bottomline are predicted in a range of $ 13.95 ~ $ 14.75 per share
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Previous Quarter Performance
McKesson Corporation came out with income for the fourth quarter of $ 4.27 per share, from the revenue of $ 58,535.00 million. The quarterly earnings swell 15.72 percent while revenues gained 11.65 percent compared with the same quarter last year.
According to street consensus, MCK was expected to report 4Q20 income of $ 4.08 per share from revenue of $ 55577.70 million. The bottom line results beat street analysts by $ 0.19 or 4.66 percent, at the same time, top line results outshined analysts by $ 2,957.30 million or 5.32 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of MCK was $ 150.16, representing a 33.36 % increase from the 52 week low of $ 112.60 and a 12.79 % decrease over the 52 week high of $ 172.18.
The company has a market capital of $ 24.34 billion and is part of the Healthcare sector and Medical Distribution industry.
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Recent Analyst recommendations
- On 15th June 2020, maintained by Morgan Stanley at Overweight rating, with $ 194.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.41 per share on April 29, 2020. The dividend were payable on July 1, 2020 to holders of record as of the close of business on June 1, 2020 and ex-dividend date on May 29, 2020.
Conference Call
McKesson Corporation will be hosting a conference call at 8:00 AM eastern time on 3rd August 2020, to discuss its 1Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.mckesson.com
McKesson Corporation provides pharmaceuticals and medical supplies in the United States and internationally. It operates in three segments: U.S. Pharmaceutical and Specialty Solutions, European Pharmaceutical Solutions, and Medical-Surgical Solutions.
