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Walgreens Boots Alliance (WBA) Stock Moves -1.63%: What You Should Know
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Walgreens Boots Alliance (WBA - Free Report) closed the most recent trading day at $36.16, moving -1.63% from the previous trading session. This change was narrower than the S&P 500's daily loss of 2%. At the same time, the Dow lost 2.06%, and the tech-heavy Nasdaq lost 2.32%.
Coming into today, shares of the largest U.S. drugstore chain had gained 0.25% in the past month. In that same time, the Retail-Wholesale sector gained 0.91%, while the S&P 500 gained 2.88%.
Wall Street will be looking for positivity from Walgreens Boots Alliance as it approaches its next earnings report date. In that report, analysts expect Walgreens Boots Alliance to post earnings of $1.10 per share. This would mark a year-over-year decline of 30.82%. Meanwhile, our latest consensus estimate is calling for revenue of $33.45 billion, down 0.92% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.50 per share and revenue of $134.51 billion. These totals would mark changes of -10.71% and +1.36%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Walgreens Boots Alliance. 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. 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Walgreens Boots Alliance is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Walgreens Boots Alliance has a Forward P/E ratio of 8.17 right now. This valuation marks a no noticeable deviation compared to its industry's average Forward P/E of 8.17.
Meanwhile, WBA's PEG ratio is currently 1.63. 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 industry currently had an average PEG ratio of 1.5 as of yesterday's close.
The Retail - Pharmacies and Drug Stores industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 22, putting it in the top 9% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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) Stock Moves -1.63%: What You Should Know
Walgreens Boots Alliance (WBA - Free Report) closed the most recent trading day at $36.16, moving -1.63% from the previous trading session. This change was narrower than the S&P 500's daily loss of 2%. At the same time, the Dow lost 2.06%, and the tech-heavy Nasdaq lost 2.32%.
Coming into today, shares of the largest U.S. drugstore chain had gained 0.25% in the past month. In that same time, the Retail-Wholesale sector gained 0.91%, while the S&P 500 gained 2.88%.
Wall Street will be looking for positivity from Walgreens Boots Alliance as it approaches its next earnings report date. In that report, analysts expect Walgreens Boots Alliance to post earnings of $1.10 per share. This would mark a year-over-year decline of 30.82%. Meanwhile, our latest consensus estimate is calling for revenue of $33.45 billion, down 0.92% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.50 per share and revenue of $134.51 billion. These totals would mark changes of -10.71% and +1.36%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Walgreens Boots Alliance. 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. 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Walgreens Boots Alliance is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Walgreens Boots Alliance has a Forward P/E ratio of 8.17 right now. This valuation marks a no noticeable deviation compared to its industry's average Forward P/E of 8.17.
Meanwhile, WBA's PEG ratio is currently 1.63. 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 industry currently had an average PEG ratio of 1.5 as of yesterday's close.
The Retail - Pharmacies and Drug Stores industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 22, putting it in the top 9% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.