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Preview: Walgreens Boots Alliance's Earnings

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On Thursday, October 15, Walgreens Boots Alliance (NASDAQ: WBA) will release its latest earnings report. Here is Benzinga's outlook for the company.

Earnings and Revenue

Wall Street analysts see Walgreens Boots Alliance reporting earnings of $0.96 per share on revenue of $34.37 billion. In the same quarter last year, Walgreens Boots Alliance reported EPS of $1.43 on revenue of $33.95 billion. If the company were to post earnings in line with the consensus estimate when it reports Thursday, EPS would be down 32.87%. Revenue would be up 1.23% on a year-over-year basis. Here is how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter Q3 2020 Q2 2020 Q1 2020 Q4 2019
EPS Estimate 1.18 1.46 1.41 1.41
EPS Actual 0.83 1.52 1.37 1.43
Revenue Estimate 34.32 B 35.27 B 34.60 B 33.90 B
Revenue Actual 34.63 B 35.82 B 34.34 B 33.95 B

Stock Performance

Shares of Walgreens Boots Alliance were trading at $36.18 as of October 13. Over the last 52-week period, shares are down 34.86%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release.

The general EPS consensus estimate since that time has moved up 18.64% while revenue estimates have moved up 1.23%.

Do not be surprised to see the stock move on comments made during its conference call. Walgreens Boots Alliance is scheduled to hold the call at 08:30:00 ET and can be accessed here: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestor.walgreensbootsalliance.com%2F&eventid=2628593&sessionid=1&key=8CF3036C67F691F8D439C71DBFBC7BC1&regTag=&sourcepage=register

 

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Posted-In: Earnings