McKesson (MCK) to Report Q4 Earnings: Is a Beat in Store?

Zacks2023-05-05

McKesson Corporation MCK is scheduled to report fiscal fourth-quarter 2023 results on May 8, after market close. The company delivered an earnings surprise of 8.8% in the last reported quarter. Its ...

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Its ...</p>\n\n<a href=\"https://finance.yahoo.com/news/mckesson-mck-report-q4-earnings-123712907.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>McKesson (MCK) to Report Q4 Earnings: Is a Beat in Store?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMcKesson (MCK) to Report Q4 Earnings: Is a Beat in Store?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-05-05 20:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/mckesson-mck-report-q4-earnings-123712907.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>McKesson Corporation MCK is scheduled to report fiscal fourth-quarter 2023 results on May 8, after market close.\nThe company delivered an earnings surprise of 8.8% in the last reported quarter. Its ...</p>\n\n<a href=\"https://finance.yahoo.com/news/mckesson-mck-report-q4-earnings-123712907.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RVTY","symbol_name":"REVVITY INC","start_time":0,"source_url":"https://finance.yahoo.com/news/mckesson-mck-report-q4-earnings-123712907.html","article_id":"2333948340","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/7SByf.RUQFqBNGiUlhRxUQ--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/8b1af3ad732e2465fff459276b3ebba8"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2333948340","pubTimestamp":1683290232,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"McKesson Corporation MCK is scheduled to report fiscal fourth-quarter 2023 results on May 8, after m","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"RVTY":"REVVITY INC","MCK":"麦克森药物批发","BRBR":"BellRing Brands, Inc."},"translate_title":"麦克森（McKesson）将公布第四季度收益：即将到来吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MCK":1,"BRBR":0.9,"PKI":0.9,"RVTY":0.9},"content_text":"McKesson Corporation MCK is scheduled to report fiscal fourth-quarter 2023 results on May 8, after market close.\nThe company delivered an earnings surprise of 8.8% in the last reported quarter. Its earnings beat estimates in two of the trailing four quarters and missed the same twice, the average surprise being 3.42%.\nQ4 Estimates\nThe Zacks Consensus Estimate for McKesson’s earnings is pegged at $7.16 per share, implying an improvement of 22.8% from the prior-year quarter’s figure. The same for revenues stands at $68.18 billion, indicating a surge of 3.1% from the year-ago reported number.\nFactors to Note\nMcKesson’s fiscal fourth-quarter results are expected to reflect segmental strength.\nThe U.S. Pharmaceutical and Specialty Solutions segment is likely to have acted as a key growth driver in the soon-to-be-reported quarter. The consensus mark for this segment’s revenues stands at $60.6 billion, indicating an improvement of 13% from the prior-year quarter’s level.\nThe segment is expected to have benefited from market growth and higher volumes from retail national account customers. However, branded-to-generic conversions might have weighed on its performance. MCK’s broad spectrum of specialty biopharmaceutical providers and manufacturers is likely to have contributed to its performance.\nGrowth and improvement in the primary care business, and contribution from kitting, storage and distribution of ancillary supplies to the U.S. government's COVID-19 vaccine program are likely to have positively impacted the Medical-Surgical Solutions segment.\nMcKesson’s collaboration with the U.S. government over COVID-19 vaccine distribution highlighted its role in the COVID-19 response. However, COVID-19 tests, and kitting storage and distribution of ancillary supplies might have declined during the quarter.\nContinued growth in the Medical-Surgical and Prescription Technology Solutions segments is expected to have benefited the company’s top line in the to-be-reported quarter. Growth in the primary care business and higher technology services revenues are likely to have driven segmental performance.\n\nMcKesson Corporation Price and Consensus\n\nMcKesson Corporation price-consensus-chart | McKesson Corporation Quote\n\nThe top-line estimates for Medical-Surgical segment and Prescription Technology Solutions segment are pegged at $2.8 billion and $1.1 billion, respectively.\nMeanwhile, divesture of businesses outside the United States, especially in Europe, might have led to loss of sales during quarter, resulting in lower revenue growth. Interest expenses are likely to have increased amid rising interest-rate regime, hurting the bottom line.\nExpected Earnings Beat\nOur proven model predicts an earnings beat for McKesson this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.\nEarnings ESP: Earnings ESP, which represents the difference between the Most Accurate Estimate ($7.22 per share) and the Zacks Consensus Estimate, is +0.84% for McKesson.\nZacks Rank: McKesson currently carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.\nOther Stocks Worth a Look\nHere are a few other medical stocks worth considering, as these too have the right combination of elements to beat on earnings this reporting cycle:\nPerkinElmer PKI has an Earnings ESP of +1.66% and a Zacks Rank of 3 at present. PKI has an estimated long-term growth rate of 46.5%.\nPerkinElmer’s earnings surpassed estimates in each of the trailing four quarters, the average surprise being 8.65%.\nAptinyx Inc. APTX has an Earnings ESP of +19.23% and a Zacks Rank of 2 at present. APTX has an estimated growth rate of 42.6% for 2024.\nAptinyx’s earnings surpassed estimates in each of the trailing four quarters, the average surprise being 6.6%.\nBellRing Brands, Inc. BRBR has an Earnings ESP of +1.38% and a Zacks Rank of 2 at present. BRBR has an estimated long-term growth rate of 12.7%.\nBellRing Brands’ earnings surpassed estimates in each of the trailing four quarters, the average surprise being 19.1%.\nStay on top of upcoming earnings announcements with the Zacks Earnings Calendar.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nMcKesson Corporation (MCK) : Free Stock Analysis Report\nRevvity Inc. (PKI) : Free Stock Analysis Report\nAptinyx Inc. (APTX) : Free Stock Analysis Report\nBellRing Brands Inc. (BRBR) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2333948340"}