Walgreens Boots Alliance (WBA) stock falls as market gains: what you need to know


Walgreens Boots Alliance (WBA) closed the most recent trading day at $41.76 with a gain of -0.07% from the previous trading session. The change underperformed the S&P 500’s gains of 0.59% on the day. At the same time, the Dow gained 0.28% and the tech-heavy Nasdaq 0.02%.

Heading into today, shares of the largest U.S. drugstore chain are up 17.65% over the past month, matching the retail-wholesale sector’s gains of 1.82% and the S&P 500’s gains of 6.89% in that period. time. had crossed

Wall Street is looking for positivity from Walgreens Boots Alliance as the date of its next earnings report approaches. In that report, analysts expect Walgreens Boots Alliance to post earnings of $1.14 per share. This would represent a year-on-year decline of 32.14%. Our most recent consensus estimate calls for quarterly revenue of $33.26 billion, down 1.88% from the same period a year ago.

For the full year, our Zacks Consensus Estimates call for earnings per share of $4.50 and revenue of $133.07 billion, representing changes of -10.71% and +0.28%, respectively, from from last year.

Investors can also look at recent changes in analyst estimates for Walgreens Boots Alliance. These revisions help to reflect the ever-changing nature of short-term trading trends. As a result, we can interpret positive estimate revisions as a good sign for the company’s business prospects.

Research indicates that these estimate revisions are directly related to short-term stock price momentum. We developed Zacks Rank to take advantage of this phenomenon. Our system takes into account these changes in estimates and provides a clear, usable assessment model.

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The Zacks Rank system, which ranges from #1 (Buy Strong) to #5 (Sell Strong), has an impressive, externally verified track record of outperformance, with the #1 stock returning +25% since 1988. Generates an average annual return. Over the past month, Zacks’ earnings-per-share consensus estimate is down 0.4%. Walgreens Boots Alliance currently has a Zacks Rank of #3 (Hold).

Given the valuation, Walgreens Boots Alliance has a forward P/E ratio of 9.29. This valuation represents no appreciable deviation from its industry average forward P/E of 9.29.

We should also mention that WBA has a PEG ratio of 1.86. This measure is used in the same way as the well-known P/E ratio, but the PEG ratio also takes into account the expected earnings growth of the stock. Retail – Pharmacies and drugstores had an average PEG ratio of 1.71 at yesterday’s closing price.

Retail – The pharmacy and drugstore industry is part of the retail-wholesale sector. The industry currently has a Zacks Industry Rank of 211, placing it in the bottom 17% of all 250+ industries.

Zacks Industry Rank estimates the strength of our industry groups by measuring the average Zacks Rank of individual stocks within the groups. Our research shows that the top 50% of assessed industries outperform the bottom half by a factor of 2 to 1.

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