On August 6, McKesson rose 3.66% in pre-market trading, trading at approximately $908.00/share, with turnover of $311,400.
The movement was driven by the company's fiscal Q1 2027 earnings release after the prior session's close, which delivered a comprehensive beat. Adjusted EPS came in at $9.93, surpassing the consensus estimate of $9.54 by 4.09% and representing a 20.22% year-over-year increase from $8.26. Revenue reached $105.38 billion, exceeding the $103.74 billion estimate. Notably, the prior quarter's revenue of $96.3 billion had significantly missed the $101.35 billion estimate, causing investor concern — this quarter's strong top-line recovery effectively restored market confidence.
Additionally, McKesson raised its fiscal 2027 adjusted EPS guidance to a range of $44.20–$45.00, up from the prior $43.80–$44.60 range and above the FactSet consensus of $44.26. BofA Securities raised its price target from $950 to $1,050, further reinforcing bullish sentiment following Citigroup's earlier target increase to $1,000.
(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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