- 01 февраля 2018, 16:30
- Zacks Investment Research
Headquartered in San Francisco, California, McKesson Corporation MCK is a global provider of healthcare supply chain management solutions, retail pharmacy, community oncology cum specialty care, and healthcare information technology.
Currently, McKesson has a Zacks Rank #3 (Hold) but that could change following its third quarter fiscal 2018 earnings report which has just released. (You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here). We have highlighted some of the key details from the just-released announcement below:
Earnings: McKesson’s adjusted earnings of $3.41 per share came above the Zacks Consensus Estimate of $2.92 and increased 12.2% from the year-ago quarter.
Revenues: McKesson posted sales of $53.6 billion, beating the Zacks Consensus Estimate for revenues of $52 billion. This was up by 7% on a year-over-year basis.
Key Stats: Distribution Solutions sales increased 7% at cc, while Technology Solutions increased 7% from the year-ago quarter. Acquisition of RxCrossroads was a notable development.
Major Factors: Organic growth across multiple business units, including the company’s strategic sourcing benefits through ClarusONE, drove Mckesson’s third quarter.
McKesson expects GAAP earnings per diluted share between $7.65 to $9.00 for the fiscal year 2018. Adjusted Earnings for the same are expected in the range of $12.50 to $12.80 per diluted share.
McKesson Corporation Price and EPS Surprise
Stock Price: Shares have risen roughly 23.3% in the last three months, while the broader industry has gained 15.7% over the same time frame. However, following the earnings release, share prices did not show any movement in the pre-market trading session.
Check back later for our full write up on this McKesson report later!
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McKesson Corporation (MCK): Free Stock Analysis Report
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