Can Core Business Unit Fuel McKesson (MCK) Q4 Earnings?

 | May 03, 2019 07:00AM ET

McKesson Corporation’s (NYSE:MCK) fourth-quarter fiscal 2019 results are scheduled to release on May 8.
In the last reported quarter, the company delivered a positive earnings surprise of 6.9%. Further, it has an average four-quarter positive surprise of 3.9%.

Let’s take a look at how things are shaping up prior to this announcement.

Which Way Are Q4 Estimates Headed?
The Zacks Consensus Estimate for McKesson’s fiscal fourth-quarter earnings is pegged at $3.66, indicating an improvement of 4.9% from the year-ago quarter. The same for revenues stands at $55.35 billion, suggesting growth of 3.3% from the year-ago reported figure.
Core Business Unit to Drive Q4 Results

McKesson’s U.S. Pharmaceutical and Specialty Solutions segment is likely to act as a key catalyst in bolstering the company’s fiscal fourth-quarter results. Notably, the segment is likely to gain momentum on the back of its branded, generic and over-the-counter pharmaceuticals.

This apart, the business line is likely to be a major top-line contributor in the to-be-reported quarter, driven by market growth, which might include better-than-expected results in oncology-related pharmaceuticals and acquisitions.

McKesson Corporation Price and EPS Surprise

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