Walgreens Boots Alliance (WBA - Free Report) closed the most recent trading day at $72.11, moving -0.44% from the previous trading session. This move lagged the S&P 500's daily loss of 0.27%. Elsewhere, the Dow lost 0.41%, while the tech-heavy Nasdaq added 0.09%.
Coming into today, shares of the largest U.S. drugstore chain had gained 0.6% in the past month. In that same time, the Retail-Wholesale sector gained 4.47%, while the S&P 500 gained 6.26%.
WBA will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $1.74, up 0.58% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $34.72 billion, up 5.16% from the year-ago period.
WBA's full-year Zacks Consensus Estimates are calling for earnings of $6.52 per share and revenue of $136.85 billion. These results would represent year-over-year changes of +8.31% and +4.04%, respectively.
Investors should also note any recent changes to analyst estimates for WBA. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for 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. WBA is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, WBA currently has a Forward P/E ratio of 11.1. Its industry sports an average Forward P/E of 11.1, so we one might conclude that WBA is trading at a no noticeable deviation comparatively.
Meanwhile, WBA's PEG ratio is currently 1.13. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Retail - Pharmacies and Drug Stores stocks are, on average, holding a PEG ratio of 1.03 based on yesterday's closing prices.
The Retail - Pharmacies and Drug Stores industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 106, which puts it in the top 42% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.