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Walgreens Boots Alliance (WBA) Gains But Lags Market: What You Should Know
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Walgreens Boots Alliance (WBA - Free Report) closed at $48.12 in the latest trading session, marking a +1.37% move from the prior day. This move lagged the S&P 500's daily gain of 2.57%. Meanwhile, the Dow gained 2%, and the Nasdaq, a tech-heavy index, added 0.3%.
Prior to today's trading, shares of the largest U.S. drugstore chain had lost 4.66% over the past month. This has was narrower than the Retail-Wholesale sector's loss of 11.68% and the S&P 500's loss of 7.68% in that time.
Wall Street will be looking for positivity from Walgreens Boots Alliance as it approaches its next earnings report date. This is expected to be March 31, 2022. On that day, Walgreens Boots Alliance is projected to report earnings of $1.38 per share, which would represent a year-over-year decline of 1.43%. Meanwhile, our latest consensus estimate is calling for revenue of $33.65 billion, up 2.67% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $5.04 per share and revenue of $132.41 billion, which would represent changes of -5.08% and -3.62%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Walgreens Boots Alliance. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.4% lower within the past month. Walgreens Boots Alliance is currently a Zacks Rank #3 (Hold).
Looking at its valuation, Walgreens Boots Alliance is holding a Forward P/E ratio of 9.41. This represents a discount compared to its industry's average Forward P/E of 10.9.
It is also worth noting that WBA currently has a PEG ratio of 2.1. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Retail - Pharmacies and Drug Stores industry currently had an average PEG ratio of 1.82 as of yesterday's close.
The Retail - Pharmacies and Drug Stores industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 195, which puts it in the bottom 24% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow WBA in the coming trading sessions, be sure to utilize Zacks.com.
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Walgreens Boots Alliance (WBA) Gains But Lags Market: What You Should Know
Walgreens Boots Alliance (WBA - Free Report) closed at $48.12 in the latest trading session, marking a +1.37% move from the prior day. This move lagged the S&P 500's daily gain of 2.57%. Meanwhile, the Dow gained 2%, and the Nasdaq, a tech-heavy index, added 0.3%.
Prior to today's trading, shares of the largest U.S. drugstore chain had lost 4.66% over the past month. This has was narrower than the Retail-Wholesale sector's loss of 11.68% and the S&P 500's loss of 7.68% in that time.
Wall Street will be looking for positivity from Walgreens Boots Alliance as it approaches its next earnings report date. This is expected to be March 31, 2022. On that day, Walgreens Boots Alliance is projected to report earnings of $1.38 per share, which would represent a year-over-year decline of 1.43%. Meanwhile, our latest consensus estimate is calling for revenue of $33.65 billion, up 2.67% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $5.04 per share and revenue of $132.41 billion, which would represent changes of -5.08% and -3.62%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Walgreens Boots Alliance. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.4% lower within the past month. Walgreens Boots Alliance is currently a Zacks Rank #3 (Hold).
Looking at its valuation, Walgreens Boots Alliance is holding a Forward P/E ratio of 9.41. This represents a discount compared to its industry's average Forward P/E of 10.9.
It is also worth noting that WBA currently has a PEG ratio of 2.1. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Retail - Pharmacies and Drug Stores industry currently had an average PEG ratio of 1.82 as of yesterday's close.
The Retail - Pharmacies and Drug Stores industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 195, which puts it in the bottom 24% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow WBA in the coming trading sessions, be sure to utilize Zacks.com.