Mckesson Corp reports results for the quarter ended March 31 - Earnings Summary

• Mckesson Corp MCK.N reported quarterly adjusted earnings of $10.12​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $6.18. The mean expectation of fourteen analysts for the quarter was for earnings of $9.82 per share. Wall Street expected results to range from $9.67 to $9.96 per share.

• Revenue rose 18.9% to $90.82 billion from a year ago; analysts expected $94.30 billion.

• Mckesson Corp's reported EPS for the quarter was $10.01​.

• The company reported quarterly net income of $1.26 billion.

• Mckesson Corp shares had risen by 7.3% this quarter and gained 26.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.1% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the pharmaceuticals peer group is also "buy"

• Wall Street's median 12-month price target for Mckesson Corp is $725.00

This summary was machine generated from LSEG data May 8 at 09:00 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)