On Thursday, October 15, Walgreens Boots Alliance 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®Tag=&sourcepage=register
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