McKesson(US:MCK) ZACKSยท2024-09-12 23:05Company Performance - McKesson's stock closed at $511.17, reflecting a +0.14% change from the previous trading day, which lagged behind the S&P 500's gain of 0.75% [1] - Over the last month, McKesson's shares decreased by 7.67%, underperforming the Medical sector's gain of 3.55% and the S&P 500's gain of 4.03% [1] - The upcoming earnings report is expected to show an EPS of $7.20, a 15.57% increase year-over-year, with quarterly revenue anticipated at $89.57 billion, up 16% from the previous year [1] Annual Estimates - For the annual period, the Zacks Consensus Estimates predict earnings of $32.11 per share and revenue of $353.29 billion, representing increases of +17.02% and +14.35% respectively from the last year [2] - Recent adjustments to analyst estimates indicate a positive outlook for McKesson's business operations and profitability [2] Valuation Metrics - McKesson has a Forward P/E ratio of 15.9, which is lower than the industry's average Forward P/E of 18.11 [3] - The company has a PEG ratio of 1.18, compared to the average PEG ratio of 1.88 for the Medical - Dental Supplies industry [3] Industry Context - The Medical - Dental Supplies industry ranks in the bottom 31% of all industries, with a current Zacks Industry Rank of 176 [4] - The strength of industry groups is measured by the Zacks Industry Rank, which indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [4]