Will McKesson (MCK) Beat Estimates Again in Its Next Earnings Report?

Core Insights - McKesson (MCK) is positioned well to potentially beat earnings estimates in its upcoming quarterly report, continuing a strong performance trend in the Zacks Medical - Dental Supplies industry [1] Earnings Performance - McKesson has a solid history of surpassing earnings estimates, averaging a 1.76% beat over the last two quarters [2] - In the most recent quarter, McKesson reported earnings of $8.23 per share against an expectation of $8.26, resulting in a surprise of 0.36%. In the previous quarter, it exceeded the consensus estimate of $9.81 by reporting $10.12, a surprise of 3.16% [3] Earnings Estimates and Predictions - Estimates for McKesson have been trending higher, supported by its history of earnings surprises. The stock has a positive Zacks Earnings ESP (Expected Surprise Prediction), indicating a strong likelihood of another earnings beat [6] - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise, suggesting that McKesson could be among those stocks [7] Earnings ESP and Analyst Sentiment - McKesson currently has an Earnings ESP of +1.24%, indicating that analysts are optimistic about the company's earnings prospects. This positive metric, combined with a Zacks Rank of 3, suggests a potential earnings beat is on the horizon [9] - The Earnings ESP metric is crucial for predicting earnings outcomes, as a negative value can diminish its predictive power, although it does not necessarily indicate an earnings miss [9]