Inside McKesson Corp’s Upcoming Earnings Release

S&P 500 (NYSE:SPY) component McKesson Corp (NYSE:MCK) will unveil its latest earnings on Tuesday, October 25, 2011. McKesson delivers cost-reducing medicines, pharmaceutical supplies, information, and care management products and services.

McKesson Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.39 per share, a rise of 35% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $1.42. Between one and three months ago, the average estimate moved down. It also has dropped from $1.40 during the last month. For the year, analysts are projecting net income of $6.22 per share, a rise of 26.9% from last year.

Past Earnings Performance: Last quarter, the company reported profit of $1.27 per share versus a mean estimate of net income of. The company has beaten estimates for the past three quarters.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 7.2% in revenue from the year-earlier quarter to $29.5 billion.

Analyst Ratings: Analysts are bullish on this stock with 14 analysts rating it as a buy, none rating it as a sell and four rating it as a hold.

A Look Back: In the first quarter, profit fell 4% to $286 million ($1.13 a share) from $298 million ($1.10 a share) the year earlier, but exceeded analyst expectations. Revenue rose 9.2% to $29.98 billion from $27.45 billion.

Key Stats:

The decrease in profit in the first quarter came after net income rose in the previous quarter. In the fourth quarter of the last fiscal year, net income rose 21.3%.

The company’s revenue has risen for two straight quarters. In the fourth quarter of the last fiscal year, the figure rose 8.3%.

Competitors to Watch: AmerisourceBergen Corp. (NYSE:ABC), Cardinal Health, Inc. (NYSE:CAH), Henry Schein, Inc. (NASDAQ:HSIC), Patterson Companies, Inc. (NASDAQ:PDCO), Cerner Corporation (NASDAQ:CERN), Owens & Minor, Inc. (NYSE:OMI), Omnicare, Inc. (NYSE:OCR), Grupo Casa Saba, S.A. (NYSE:SAB), MWI Veterinary Supply, Inc. (NASDAQ:MWIV), and Allscripts Healthcare Solutions Inc (NASDAQ:MDRX).

Stock Price Performance: During July 26, 2011 to October 19, 2011, the stock price had fallen $7.76 (-9.6%) from $80.95 to $73.19. It saw one of its worst periods between August 11, 2011 and August 22, 2011 when shares fell for eight-straight days, falling 7.3% (-$5.74) over that span. The stock price saw one of its best stretches over the last year between April 18, 2011 and April 27, 2011 when shares rose for seven-straight days, rising 5.4% (+$4.29) over that span. Shares are up $3.32 (+4.8%) year to date.

(Source: Xignite Financials)

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