McKesson Corp (NYSE: MCK) has reported earnings for its fourth fiscal quarter (ending March 31) of $6.06 versus $5.75 for the same period a year ago — an increase of 5%. Relative to the consensus estimate of $6.40, this was a shortfall of $-0.34. For the latest four quarters through March 31, E.P.S. were $22.54 compared to $25.25 a year ago — a decline of -11%.
Recent Price Action
McKesson Corp (NYSE: MCK) stock enjoyed a large increase of 2.3% on 5/7/24. The stock closed at $545.75. Moreover, this advance was accompanied by unusually high trading volume at 150% of normal. The stock has been strong relative to the market over the last nine months and has risen 1.8% during the last week.
Current PriceTarget Research Rating
MCK’s future returns on capital are forecasted to be below the cost of capital. Accordingly, the company is expected to be an important Value Eraser.
McKesson is currently unrated.
Rating Review
The stock is currently unrated.
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