Drug Stocks Reporting Mid-Week: MRK, ABC, ENDP & More
Zacks Investment Research | May 02, 2016 09:50PM ET
First quarter earnings season is well underway with results from 62% of the S&P 500 members already out. By the end of this week, more than 88% of the index’s total membership will have reported results. According to our Exelixis: What's Ahead for the Stock in Q1 Earnings? ).
Healthcare services and information technology company, McKesson, is scheduled to report fourth-quarter fiscal 2016 results on May 4, after the market closes. McKesson has an impressive track record, having beaten estimates comfortably in all of the last four quarters. But the company’s combination of Zacks Rank #4 (Sell) and ESP of -20.81% makes a surprise prediction difficult. (Read more: McKesson Q4 Earnings: Stock Likely To Disappoint ).
While most of its large-cap pharma peers have already reported results, Merck will be presenting first quarter results on May 5, before the opening bell. Focus will remain on the performance of new products and whether they will be able to lessen the impact of genericization and currency movement. Although Merck’s track record is pretty impressive, our proven model does not conclusively show that the company is likely to beat earnings estimates this quarter given the combination of Zacks Rank #3 and ESP of 0.00% (Read more: Merck Q1 Earnings: Can the Stock Pull a Surprise? ).
Specialty pharma company, Endo, had already provided weaker-than-expected first quarter guidance last month. Seasonality, investment in new product launches, inventory fluctuations, unfavorable currency movement and continued erosion in the generics base business are some of the factors that will impact first quarter results, which will be out on May 5 after the market closes. Endo’s Zacks Rank #4 and ESP of 0.00% does not conclusively show that the company is likely to beat earnings estimates this quarter (Read more: Endo Q1 Earnings: What's in Store for the Stock? ).
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Pharmaceutical sourcing and distribution services company, AmerisourceBergen will be reporting second-quarter fiscal 2016 results on May 5, before the opening bell. ABC’s Zacks Rank #4 and ESP of 0.00% make a surprise prediction difficult (Read more: AmerisourceBergen Q2 Earnings: Stock to Surprise? ).
Stay tuned and check later on our full write-up on earnings releases of these stocks!
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