McKesson Corporation (MCK) to Release Quarter 2 Numbers

Friday, July 31, 2020 4:03 PM | Neal Farmer

What's Happening with mck

McKesson Corporation (MCK) is scheduled to report Quarter 2 numbers before the market open on August 3. Analysts forecast earnings of $1.21 per share for the quarter. During the same period last year the company earned $1.14, and the stock is up 8.3% on the year.

Technical Analysis

MCK was recently trading at $149.84 down $22.34 from its 12-month high and $37.24 above its 12-month low. InvestorsObserver gives MCK a 46 long-term technical score and a 68 short-term technical score. The stock has recent support above $140.81 and recent resistance below $157.73. Of the 13 analysts who cover the stock 7 rate it Strong Buy, 1 rate it Buy, 5 rate it Hold, 0 rate it Sell, and 0 rate it Strong Sell, MCK gets an overall score of 61 from InvestorsObserver.

Analysts' Thoughts

MCK has shown annual earnings growth of 3.44% over the last five years, and looking ahead analysts expect the company to grow profits 7.73% per annum the next five years. Last quarter the company posted better than expected EPS and this quarter the street expects $1.21 EPS. MCK is currently trading at $149.84 with an average price target of $174.20

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