McKesson (MCK) Q3 Earnings and Revenues Miss Estimates

Core Insights - McKesson reported quarterly earnings of $8.03 per share, slightly missing the Zacks Consensus Estimate of $8.04 per share, but showing an increase from $7.74 per share a year ago, resulting in an earnings surprise of -0.12% [1] - The company posted revenues of $95.29 billion for the quarter ended December 2024, which was below the Zacks Consensus Estimate by 0.18%, and an increase from $80.9 billion year-over-year [2] - McKesson's stock has gained approximately 5.9% since the beginning of the year, outperforming the S&P 500's gain of 2.7% [3] Earnings Outlook - The future performance of McKesson's stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [4] - The current consensus EPS estimate for the upcoming quarter is $9.67 on revenues of $90.52 billion, and for the current fiscal year, it is $32.72 on revenues of $358.91 billion [7] Industry Context - The Medical - Dental Supplies industry, to which McKesson belongs, is currently ranked in the bottom 40% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - Becton Dickinson, another company in the same industry, is expected to report quarterly earnings of $2.98 per share, reflecting an 11.2% year-over-year increase, with revenues projected at $5.1 billion, up 8.4% from the previous year [9][10]