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Are you a frequent visitor to retail drugstores? Then you must have come across at least one of the more than 13,200 drugstores operated by Walgreens Boots Alliance, Inc. (WBA - Free Report) . This Illinois-based company is the first global pharmacy-led, health and wellbeing enterprise.
Currently, Walgreens Boots has a Zacks Rank #3 (Hold) but that could change following its impressive second quarter fiscal 2018 earnings report which has just released. (You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.) We have highlighted some of the key details from the just-released announcement below:
Earnings: Walgreens Boots’ adjusted earnings per share of $1.73, up 27.2% year over year surpassed the Zacks Consensus Estimate figure of $1.55.
Sales in the second quarter were $33.0 billion, an increase of 12.1 percent from the year-ago quarter, and an increase of 9.4 percent on a constant currency basis.
Revenues: Walgreens posted revenues of $33 billion grew 12.1% year over year which is ahead of the Zacks Consensus Estimate of $31.9 billion
Key Stats: In the reported second quarter fiscal 2018, revenues from the Retail Pharmacy USA division increased 12.2% to $24.5 billion, while revenues from the Pharmaceutical Wholesale division rose 14.4% to $5.8 billion. Revenues from the Retail Pharmacy International division also rose 7% to $3.3 billion. Moreover, Walgreens Boots filled 269.2 million prescriptions (including immunizations) on a 30-day adjusted basis in the quarter, reflecting an increase of 9.1% over second quarter of fiscal 2017.
Walgreens Boots Alliance, Inc. Price and EPS Surprise
Major Factors: Per management, Walgreens Boots second quarter 2018 results were encouraging. This is on account of the company’s strategic tie-ups which brought more patients to its U.S. pharmacies. The company has also been gaining increased market share in the Retail Pharmacy USA segment along with growing prescription volumes. Management is currently optimistic about its ongoing cost transformation program and remains confident about the long-term growth of the company. The company has raised its adjusted earnings per share outlook for fiscal year 2018 to a new range of $5.85 to $6.05 from the earlier band of $5.65 to $5.70.
Stock Price: Following the earnings release, share prices rose 4.61% during the pre-market trading session.
Check back later for our full write up on this Walgreens Boots earnings report later!
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With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
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Walgreens Boots (WBA) Tops Q2 Earnings, Revenues Estimates
Are you a frequent visitor to retail drugstores? Then you must have come across at least one of the more than 13,200 drugstores operated by Walgreens Boots Alliance, Inc. (WBA - Free Report) . This Illinois-based company is the first global pharmacy-led, health and wellbeing enterprise.
Currently, Walgreens Boots has a Zacks Rank #3 (Hold) but that could change following its impressive second quarter fiscal 2018 earnings report which has just released. (You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.) We have highlighted some of the key details from the just-released announcement below:
Earnings: Walgreens Boots’ adjusted earnings per share of $1.73, up 27.2% year over year surpassed the Zacks Consensus Estimate figure of $1.55.
Sales in the second quarter were $33.0 billion, an increase of 12.1 percent from the year-ago quarter, and an increase of 9.4 percent on a constant currency basis.
Revenues: Walgreens posted revenues of $33 billion grew 12.1% year over year which is ahead of the Zacks Consensus Estimate of $31.9 billion
Key Stats: In the reported second quarter fiscal 2018, revenues from the Retail Pharmacy USA division increased 12.2% to $24.5 billion, while revenues from the Pharmaceutical Wholesale division rose 14.4% to $5.8 billion. Revenues from the Retail Pharmacy International division also rose 7% to $3.3 billion. Moreover, Walgreens Boots filled 269.2 million prescriptions (including immunizations) on a 30-day adjusted basis in the quarter, reflecting an increase of 9.1% over second quarter of fiscal 2017.
Walgreens Boots Alliance, Inc. Price and EPS Surprise
Walgreens Boots Alliance, Inc. Price and EPS Surprise | Walgreens Boots Alliance, Inc. Quote
Major Factors: Per management, Walgreens Boots second quarter 2018 results were encouraging. This is on account of the company’s strategic tie-ups which brought more patients to its U.S. pharmacies. The company has also been gaining increased market share in the Retail Pharmacy USA segment along with growing prescription volumes. Management is currently optimistic about its ongoing cost transformation program and remains confident about the long-term growth of the company. The company has raised its adjusted earnings per share outlook for fiscal year 2018 to a new range of $5.85 to $6.05 from the earlier band of $5.65 to $5.70.
Stock Price: Following the earnings release, share prices rose 4.61% during the pre-market trading session.
Check back later for our full write up on this Walgreens Boots earnings report later!
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>