McKesson Corporation (NYSE:MCK) is reporting second quarter financial results on Tuesday 3rd November 2020, before market open.
According to analysts surveyed by Thomson Reuters, MCK is expected to report 2Q21 income of $ 3.87 per share from revenue of $ 59452.20 million.
For the full year, analysts anticipate top line of $ 238419.00 million, while looking forward to income of $ 15.20 per share bottom line.
The Company Outlook
Full Year 2021 topline are forecasted in a range of$ 235.67 billion ~ $ 240.39 billion, where as bottomline are predicted in a range of $ 14.70 ~ $ 15.50 per share
Click Here For More Historical Outlooks Of McKesson Corporation
Previous Quarter Performance
McKesson Corporation disclosed income for the first quarter of $ 2.77 per share, from the revenue of $ 55,679.00 million. The quarterly earnings 16.31 percent while revenues fell 0.09 percent compared with the same quarter last year.
Street analysts expected McKesson Corporation to report income of $ 2.30 per share on revenue of $ 53852.30 million for the first quarter. The bottom line results beat street analysts by $ 0.47 or 20.43 percent, at the same time, top line results outshined analysts by $ 1,826.70 million or 3.39 percent.
Stock Performance
Shares of McKesson Corporation traded up $ 4.54 or 3.08 percent on Monday, reaching $ 152.03 with volume of 1.30 million shares. McKesson Corporation has traded high as $ 152.58 and has cracked $ 148.22 on the downward trend
The closing price of $ 152.03, representing a 30.99 % increase from the 52 week low of $ 112.60 and a 14.34 % decrease over the 52 week high of $ 172.18.
The company has a market capital of $ 24.66 billion and is part of the Healthcare sector and Medical Distribution industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.42 per share on July 29, 2020. The dividend were payable on October 1, 2020 to holders of record as of the close of business on September 1, 2020 and ex-dividend date on August 31, 2020.
Conference Call
McKesson Corporation will be hosting a conference call at 8:00 AM eastern time on 3rd November 2020, to discuss its 2Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.mckesson.com
McKesson Corporation provides pharmaceuticals and medical supplies in the United States and internationally. It operates in three segments: U.S. Pharmaceutical and Specialty Solutions, European Pharmaceutical Solutions, and Medical-Surgical Solutions.
