McKesson’s Upcoming Q4 Earnings Preview
<p>Deutsche Bank analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/MCK'>McKesson Corporation (NYSE:MCK)</a> ahead of the company’s upcoming Q4/23 earnings release, scheduled on May 8.</p>
<p>The company should provide initial 2024 guidance. The current Street estimates stand at $26.22 for 2024 EPS, which represents very modest low-single-digit EPS growth compared with the company’s 2023 EPS guidance range of $25.75-$26.15. </p>
<p>While this growth would be below the company’s long-term EPS growth target in the range of 12%-14% EPS growth, the company has several large contributors to EPS in 2023 that when backed out, sets a lower core starting base for 2024 guide to be within long-term growth trend.</p>
<p>The analysts reiterated their Buy rating and $430 price target on the stock.</p>

NYSE:MCK