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Walgreens Boots Alliance (WBA) Stock Moves -1.81%: What You Should Know
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Walgreens Boots Alliance (WBA - Free Report) closed the most recent trading day at $49.50, moving -1.81% from the previous trading session. This change was narrower than the S&P 500's 2.44% loss on the day. Meanwhile, the Dow lost 1.45%, and the Nasdaq, a tech-heavy index, lost 0.41%.
Prior to today's trading, shares of the largest U.S. drugstore chain had lost 6.65% over the past month. This has was narrower than the Retail-Wholesale sector's loss of 7.58% and lagged the S&P 500's loss of 3.72% in that time.
Wall Street will be looking for positivity from Walgreens Boots Alliance as it approaches its next earnings report date. The company is expected to report EPS of $1.37, down 2.14% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $33.54 billion, up 2.31% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.06 per share and revenue of $132.12 billion. These totals would mark changes of -4.71% and -3.83%, respectively, from last year.
Any recent changes to analyst estimates for Walgreens Boots Alliance should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 2.09% higher. Walgreens Boots Alliance is currently a Zacks Rank #3 (Hold).
Digging into valuation, Walgreens Boots Alliance currently has a Forward P/E ratio of 9.96. This represents a no noticeable deviation compared to its industry's average Forward P/E of 9.96.
Meanwhile, WBA's PEG ratio is currently 2.22. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Retail - Pharmacies and Drug Stores was holding an average PEG ratio of 1.96 at yesterday's closing price.
The Retail - Pharmacies and Drug Stores industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 195, putting it in the bottom 24% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Walgreens Boots Alliance (WBA) Stock Moves -1.81%: What You Should Know
Walgreens Boots Alliance (WBA - Free Report) closed the most recent trading day at $49.50, moving -1.81% from the previous trading session. This change was narrower than the S&P 500's 2.44% loss on the day. Meanwhile, the Dow lost 1.45%, and the Nasdaq, a tech-heavy index, lost 0.41%.
Prior to today's trading, shares of the largest U.S. drugstore chain had lost 6.65% over the past month. This has was narrower than the Retail-Wholesale sector's loss of 7.58% and lagged the S&P 500's loss of 3.72% in that time.
Wall Street will be looking for positivity from Walgreens Boots Alliance as it approaches its next earnings report date. The company is expected to report EPS of $1.37, down 2.14% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $33.54 billion, up 2.31% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.06 per share and revenue of $132.12 billion. These totals would mark changes of -4.71% and -3.83%, respectively, from last year.
Any recent changes to analyst estimates for Walgreens Boots Alliance should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 2.09% higher. Walgreens Boots Alliance is currently a Zacks Rank #3 (Hold).
Digging into valuation, Walgreens Boots Alliance currently has a Forward P/E ratio of 9.96. This represents a no noticeable deviation compared to its industry's average Forward P/E of 9.96.
Meanwhile, WBA's PEG ratio is currently 2.22. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Retail - Pharmacies and Drug Stores was holding an average PEG ratio of 1.96 at yesterday's closing price.
The Retail - Pharmacies and Drug Stores industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 195, putting it in the bottom 24% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.