Analyst Consensus ?
ConsensusBuy44 ratings
Bullish3272.7%
Neutral1125.0%
Bearish12.3%
1 unmapped firm rating excluded from the percentages.
Cencora, Inc. · COR · FY2025 Q1 · Calendar Q1 2025
Cencora raises FY2025 outlook as GLP-1 demand and RCA expand growth
The supplied analysis supports a constructive but qualified view: strong U.S. healthcare solutions demand, GLP-1 growth, and specialty expansion through RCA improved the near-term outlook, while margin headwinds, cash-flow timing, integration, and logistics risks temper confidence in durable growth.
Reported Before market openNYSEHealthcare
$63.24B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $3.50
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $78.16B
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+0.7%
Event window
SPY move
+0.4%
Same window
Abnormal move
+0.3%
Stock minus SPY
Volume
2.1×
Versus trailing sessions
Subsequent drift
+0.2%
Up to 20 sessions
CORSPY benchmark
Ask FN2 about COR FY2025 Q1
Transcript, numbers and history already loaded
What drove COR's +0.7% move after FY2025 Q1 earnings?What changed in COR's guidance and outlook in FY2025 Q1?Give me the bull and bear case for COR after FY2025 Q1 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Relative to the prior quarter, management reported a stronger Q1 start, completed the RCA acquisition, and raised full-year EPS and revenue-growth guidance. The focus shifted toward integrating RCA and managing the associated financing, while World Courier weakness and negative quarterly free cash flow remain watch items.
Guidance delta
Management raised full-year EPS guidance to $15.25-$15.55 and revenue growth guidance to 8%-10%; U.S. revenue growth guidance is now 9%-11%.
Key takeaways
- Q1 revenue rose 13% and adjusted EPS rose 14%, led by U.S. healthcare solutions and GLP-1 demand.
- The completed RCA acquisition is incorporated into guidance and expands Cencora's specialty MSO platform.
- COVID-19 vaccine and exclusive-therapy contributions remain a margin headwind; adjusted free cash flow was negative $2.8 billion this quarter.
Management priorities
- Integrate RCA and expand the specialty MSO platform.
- Advance digital transformation and technology upgrades.
- Develop World Courier's cell-and-gene-therapy logistics opportunity while managing capital allocation and deleveraging.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$325.06Previous close
$142Low
$282.07Average
$440High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Oct 13, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Leerink Partners | Outperform | Outperform | Maintain | Oct 7, 2026 |
| RBC Capital | Sector Perform | Sector Perform | Maintain | Sep 8, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | Aug 11, 2026 |
| Morgan Stanley | Overweight | Overweight | Maintain | Aug 7, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Aug 7, 2026 |
| UBS | Buy | Buy | Maintain | Aug 6, 2026 |
| Evercore ISI Group | Outperform | Outperform | Maintain | Aug 6, 2026 |
| B of A Securities | Neutral | Neutral | Maintain | Jun 24, 2026 |
| Barclays | Overweight | Overweight | Maintain | Jun 10, 2026 |
| Citigroup | Buy | Buy | Maintain | May 7, 2026 |
| Baird | Outperform | Outperform | Maintain | May 7, 2026 |
| Jefferies | Buy | Hold | Upgrade | Jan 22, 2026 |
| TD Cowen | Buy | Buy | Maintain | Nov 10, 2025 |
| Mizuho | Outperform | Outperform | Maintain | Nov 6, 2025 |
| Deutsche Bank | Buy | Buy | Maintain | May 26, 2023 |
| Credit Suisse | Outperform | Outperform | Maintain | May 2, 2023 |
| Argus Research | Buy | Buy | Maintain | Jan 11, 2023 |
| Cowen & Co. | Outperform | Outperform | Maintain | Oct 17, 2022 |
| CFRA | Hold | Hold | Maintain | May 3, 2022 |
| Raymond James | Market Perform | Outperform | Downgrade | Nov 16, 2021 |
| Guggenheim | Buy | Buy | Maintain | Mar 21, 2021 |
| Bank of America | Underperform | Neutral | Downgrade | Feb 11, 2020 |
| KeyBanc | Overweight | Downgrade | Jul 10, 2019 | |
| BMO Capital | Market Perform | Market Perform | Maintain | Oct 26, 2018 |
| Berenberg | Buy | Buy | Maintain | Sep 20, 2018 |
| Argus | Buy | Buy | Maintain | May 5, 2018 |
| Moffett Nathanson | Buy | Buy | Maintain | Apr 9, 2018 |
| Mitsubishi UFJ | Overweight | Overweight | Maintain | Jan 10, 2018 |
| Goldman Sachs | Buy | Neutral | Upgrade | Dec 19, 2017 |
| William Blair | Outperform | Outperform | Maintain | Sep 22, 2017 |
| Macquarie | Neutral | Neutral | Maintain | Apr 7, 2017 |
| Needham | Buy | Buy | Maintain | Apr 4, 2017 |
| Leerink Swann | Outperform | Market Perform | Upgrade | Jan 16, 2017 |
| Avondale Partners | Outperform | Market Perform | Upgrade | Oct 4, 2016 |
| Stifel Nicolaus | Hold | Sell | Upgrade | Oct 3, 2016 |
| SunTrust Robinson Humphrey | Buy | Buy | Maintain | Jul 21, 2016 |
| Canaccord Genuity | Buy | Buy | Maintain | Jun 7, 2016 |
| Stephens & Co. | Equal Weight | Overweight | Downgrade | Apr 29, 2016 |
| BB&T Capital | Buy | Buy | Maintain | Nov 11, 2015 |
| FBR Capital | Perform | Outperform | Downgrade | Nov 21, 2014 |
| ISI Group | Hold | Buy | Downgrade | Oct 30, 2014 |
| Cantor Fitzgerald | Hold | Sell | Upgrade | May 29, 2014 |
| Evercore Partners | Overweight | Equal Weight | Upgrade | Dec 4, 2013 |
| Sterne Agee | Buy | Buy | Maintain | Sep 18, 2013 |
| McNicoll Lewis Vlak | Buy | Buy | Maintain | Jul 30, 2013 |
Named analyst price targets
Upside is calculated against the persisted previous close $325.06. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| RBC Capital | Ryan Halsted | $330 | $316.13 | +1.5% | Aug 19, 2026 |
| Morgan Stanley | Analyst unavailable | $346 | $323.29 | +6.4% | Aug 7, 2026 |
| Robert W. Baird | Analyst unavailable | $370 | $313.37 | +13.8% | Aug 6, 2026 |
| UBS | Kevin Caliendo | $430 | $313.51 | +32.3% | Aug 6, 2026 |
| Evercore ISI | Analyst unavailable | $350 | $317.22 | +7.7% | Aug 6, 2026 |
| Barclays | Analyst unavailable | $350 | $279.57 | +7.7% | Jun 10, 2026 |
| Wells Fargo | Stephen Baxter | $331 | $261.08 | +1.8% | May 11, 2026 |
| Morgan Stanley | Analyst unavailable | $342 | $265.58 | +5.2% | May 8, 2026 |
| UBS | Analyst unavailable | $412 | $256.01 | +26.7% | May 7, 2026 |
| Evercore ISI | Analyst unavailable | $360 | $324.93 | +10.7% | Apr 8, 2026 |
| Morgan Stanley | Analyst unavailable | $380 | $334.15 | +16.9% | Mar 17, 2026 |
| Barclays | Analyst unavailable | $425 | $351.06 | +30.7% | Feb 13, 2026 |
| Wells Fargo | Analyst unavailable | $429 | $363.27 | +32.0% | Feb 10, 2026 |
| Evercore ISI | Analyst unavailable | $420 | $354.83 | +29.2% | Feb 5, 2026 |
| Morgan Stanley | Analyst unavailable | $400 | $350.54 | +23.1% | Jan 29, 2026 |
| Jefferies | Brian Tanquilut | $440 | $351.75 | +35.4% | Jan 22, 2026 |
| Robert W. Baird | Eric Coldwell | $415 | $345.3 | +27.7% | Jan 13, 2026 |
| Robert W. Baird | Analyst unavailable | $392 | $345.64 | +20.6% | Dec 16, 2025 |
| Barclays | Analyst unavailable | $400 | $337.82 | +23.1% | Dec 8, 2025 |
| UBS | Kevin Caliendo | $415 | $363.58 | +27.7% | Nov 7, 2025 |
| Evercore ISI | Analyst unavailable | $400 | $352.13 | +23.1% | Nov 6, 2025 |
| Mizuho Securities | Steven Valiquette | $340 | $333.17 | +4.6% | Oct 30, 2025 |
| UBS | Analyst unavailable | $380 | $334 | +16.9% | Oct 27, 2025 |
| Mizuho Securities | Steven Valiquette | $334 | $319.61 | +2.8% | Oct 16, 2025 |
| Evercore ISI | Analyst unavailable | $340 | $308.71 | +4.6% | Oct 8, 2025 |
| Wells Fargo | Stephen Baxter | $354 | $289.15 | +8.9% | Aug 13, 2025 |
| Morgan Stanley | Erin Wright | $330 | $295.68 | +1.5% | Jul 16, 2025 |
| Morgan Stanley | Erin Wright | $288 | $284.54 | -11.4% | Apr 15, 2025 |
| Citigroup | Daniel Grosslight | $284 | $229.34 | -12.6% | Sep 18, 2024 |
| Bank of America Securities | Allen Lutz | $245 | $234.53 | -24.6% | Sep 18, 2024 |
| Robert W. Baird | David Rodgers | $283 | $236.24 | -12.9% | Sep 6, 2024 |
| Robert W. Baird | David Rodgers | $287 | $237.88 | -11.7% | Aug 1, 2024 |
| Robert W. Baird | David Rodgers | $280 | $216.21 | -13.9% | May 29, 2024 |
| Robert W. Baird | David Rodgers | $275 | $242.04 | -15.4% | Apr 5, 2024 |
| Argus Research | David Toung | $270 | $245.8 | -16.9% | Apr 4, 2024 |
| Mizuho Securities | Ann Hynes | $174 | $166.87 | -46.5% | May 3, 2023 |
| Argus Research | Analyst unavailable | $190 | $164.83 | -41.5% | Jan 12, 2023 |
| Morgan Stanley | Analyst unavailable | $176 | $151.31 | -45.9% | Aug 22, 2022 |
| Credit Suisse | Analyst unavailable | $175 | $143.05 | -46.2% | Aug 4, 2022 |
| Argus Research | Analyst unavailable | $170 | $141.55 | -47.7% | Jul 20, 2022 |
| Evercore ISI | Elizabeth Anderson | $150 | $140.4 | -53.9% | Jul 19, 2022 |
| UBS | Kevin Caliendo | $174 | $145.02 | -46.5% | Jun 23, 2022 |
| Deutsche Bank | George Hill | $178 | $145.76 | -45.2% | Jun 10, 2022 |
| Cowen & Co. | Analyst unavailable | $170 | $145.62 | -47.7% | Jun 9, 2022 |
| Evercore ISI | Elizabeth Anderson | $165 | $150.01 | -49.2% | Jun 2, 2022 |
| Morgan Stanley | Analyst unavailable | $175 | $156.08 | -46.2% | May 27, 2022 |
| Deutsche Bank | Analyst unavailable | $168 | $155.19 | -48.3% | May 5, 2022 |
| Mizuho Securities | Analyst unavailable | $162 | $154.86 | -50.2% | May 5, 2022 |
| Barclays | Steven Valiquette | $152 | $136.01 | -53.2% | Jan 11, 2022 |
| Morgan Stanley | Ricky Goldwasser | $142 | $124.77 | -56.3% | Dec 17, 2021 |
| Deutsche Bank | George Hill | $153 | $124.93 | -52.9% | Nov 12, 2021 |
| UBS | Kevin Caliendo | $144 | $117.98 | -55.7% | Aug 11, 2021 |
Track every rating change on COR the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationCencora, Inc. functions as a global leader in the sourcing and distribution of pharmaceutical products, with operations spanning both the United States and international markets. Within its U.S. Healthcare Solutions segment, the company supplies a broad spectrum of pharmaceutical items, including generic and injectable medications, over-the-counter health products, and home healthcare equipment. Its extensive client network includes acute care hospitals, health systems, a variety of retail and mail-order pharmacies (independent, chain, long-term care), medical clinics, and other healthcare providers. This division also manages the distribution of crucial specialized pharmaceutical products like plasma, blood derivatives, and vaccines. Beyond product supply, Cencora offers comprehensive support services, such as pharmacy management, staffing solutions, and strategic consulting.…
Historical context
All COR earningsHealthcare peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| COO The Cooper Companies, Inc. | FY2026 Q3 · Calendar Q3 2026 | +2.7% | -14.7% | CooperCompanies beats expectations as inventory reduction weighs on vision revenue |
| MDT Medtronic plc | FY2027 Q1 · Calendar Q3 2026 | +4.3% | +1.5% | Medtronic raises FY27 outlook as growth broadens across platforms |
Latest beats and misses
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2025-01-22T00:04:22.296664+00:00
- Polygon adjusted daily market bars · 2026-10-13T10:30:42.905130+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-13T10:30:42.902445+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-13. For educational purposes only; not investment advice.