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Walgreens Boots Alliance (WBA) Dips More Than Broader Markets: What You Should Know
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Walgreens Boots Alliance (WBA - Free Report) closed at $51.99 in the latest trading session, marking a -0.5% move from the prior day. This change lagged the S&P 500's 0.3% loss on the day. At the same time, the Dow lost 0.25%, and the tech-heavy Nasdaq gained 0.2%.
Prior to today's trading, shares of the largest U.S. drugstore chain had gained 19.51% over the past month. This has outpaced the Retail-Wholesale sector's loss of 2.8% and the S&P 500's gain of 3.11% in that time.
Investors will be hoping for strength from Walgreens Boots Alliance as it approaches its next earnings release, which is expected to be January 6, 2022. In that report, analysts expect Walgreens Boots Alliance to post earnings of $1.22 per share. This would mark no growth from the year-ago period. Meanwhile, our latest consensus estimate is calling for revenue of $32.93 billion, down 9.31% from the prior-year quarter.
WBA's full-year Zacks Consensus Estimates are calling for earnings of $4.91 per share and revenue of $131.5 billion. These results would represent year-over-year changes of -7.53% and -4.28%, respectively.
Investors might also notice recent changes to analyst estimates for Walgreens Boots Alliance. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.12% lower within the past month. Walgreens Boots Alliance is currently sporting a Zacks Rank of #4 (Sell).
Investors should also note Walgreens Boots Alliance's current valuation metrics, including its Forward P/E ratio of 10.64. Its industry sports an average Forward P/E of 10.64, so we one might conclude that Walgreens Boots Alliance is trading at a no noticeable deviation comparatively.
Also, we should mention that WBA has a PEG ratio of 2.4. 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 2.16 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 208, putting it in the bottom 19% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Walgreens Boots Alliance (WBA) Dips More Than Broader Markets: What You Should Know
Walgreens Boots Alliance (WBA - Free Report) closed at $51.99 in the latest trading session, marking a -0.5% move from the prior day. This change lagged the S&P 500's 0.3% loss on the day. At the same time, the Dow lost 0.25%, and the tech-heavy Nasdaq gained 0.2%.
Prior to today's trading, shares of the largest U.S. drugstore chain had gained 19.51% over the past month. This has outpaced the Retail-Wholesale sector's loss of 2.8% and the S&P 500's gain of 3.11% in that time.
Investors will be hoping for strength from Walgreens Boots Alliance as it approaches its next earnings release, which is expected to be January 6, 2022. In that report, analysts expect Walgreens Boots Alliance to post earnings of $1.22 per share. This would mark no growth from the year-ago period. Meanwhile, our latest consensus estimate is calling for revenue of $32.93 billion, down 9.31% from the prior-year quarter.
WBA's full-year Zacks Consensus Estimates are calling for earnings of $4.91 per share and revenue of $131.5 billion. These results would represent year-over-year changes of -7.53% and -4.28%, respectively.
Investors might also notice recent changes to analyst estimates for Walgreens Boots Alliance. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.12% lower within the past month. Walgreens Boots Alliance is currently sporting a Zacks Rank of #4 (Sell).
Investors should also note Walgreens Boots Alliance's current valuation metrics, including its Forward P/E ratio of 10.64. Its industry sports an average Forward P/E of 10.64, so we one might conclude that Walgreens Boots Alliance is trading at a no noticeable deviation comparatively.
Also, we should mention that WBA has a PEG ratio of 2.4. 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 2.16 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 208, putting it in the bottom 19% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.