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Excerpt from ca.style.yahoo.com
In the latest trading session, Walgreens Boots Alliance (WBA) closed at $21.99, marking a -0.23% move from the previous day. This move lagged the S&P 500’s daily gain of 0.14%. At the same time, the Dow added 0.22%, and the tech-heavy Nasdaq gained 0.09%.
Prior to today’s trading, shares of the largest U.S. drugstore chain had lost 24.6% over the past month. This has lagged the Retail-Wholesale sector’s loss of 2.45% and the S&P 500’s loss of 1.27% in that time.
Walgreens Boots Alliance will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.69, down 13.75% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $34.61 billion, up 6.67% from the year-ago period.
Investors should also note any recent changes to analyst estimates for Walgreens Boots Alliance. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company’s business and profitability.
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