On August 6, McKesson rose 4.02% in regular trading, trading at $886.99/share, with turnover of $135 million. The rally was driven by the company's fiscal 2027 first-quarter earnings release, which delivered a comprehensive beat against market expectations.
McKesson reported adjusted EPS of $9.93, exceeding the consensus estimate of $9.54 by approximately 4.1% and representing a 20.2% year-over-year increase. Revenue came in at $105.38 billion, surpassing the estimated $103.74 billion. Notably, the prior quarter's revenue of $96.3 billion had significantly missed the $101.35 billion estimate, raising investor concerns. This quarter's strong top-line recovery effectively restored market confidence.
The company also raised its full-year adjusted EPS guidance to $44.20-$45.00, above the prior range of $43.80-$44.60 and the consensus estimate of $44.26. Additionally, BofA Securities raised its price target on McKesson to $1,050 from $950, further reinforcing bullish sentiment. Citigroup had previously raised its target to $1,000 while maintaining a Buy rating.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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