McKesson Corp reports results for the quarter ended June 30 - Earnings Summary

• McKesson Corp MCK.N reported quarterly adjusted earnings of $8.26​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $7.88. The mean expectation of fourteen analysts for the quarter was for earnings of $8.15 per share. Wall Street expected results to range from $7.78 to $8.49 per share.

• Revenue rose 23.4% to $97.83 billion from a year ago; analysts expected $96.08 billion.

• McKesson Corp's reported EPS for the quarter was $6.25​.

• The company reported quarterly net income of $784 million.

• McKesson Corp shares had fallen by 3.2% this quarter and gained 24.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2% in the last three months.​

• In the last 30 days, five 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," 3 "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 $800.00, about 12% above its last closing price of $703.76

This summary was machine generated from LSEG data August 6 at 09:01 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)