McKesson Corp
MCK: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$251.00 | Pzsnz | Zkbpjhbq |
McKesson Earnings: Distribution and Services Gain on Specialty and GLP-1s, but Margins Weak
Narrow-moat McKesson's strong third-quarter earnings came in above our expectations. Total sales were up 14.8% as the firm’s base distribution business continued its robust momentum. After raising our near-term assumptions and accounting for the time value of money impacts, we lift our fair value estimate to $410 per share from $400.