Walgreens Boots Alliance (WBA) closed the most recent trading day at $72.30, moving +0.43% from the previous trading session. The stock lagged the S&P 500's daily gain of 1.32%. At the same time, the Dow added 1.38%, and the tech-heavy Nasdaq gained 1.74%.
Coming into today, shares of the largest U.S. drugstore chain had gained 3.42% in the past month. In that same time, the Retail-Wholesale sector gained 5.96%, while the S&P 500 gained 4.16%.
Wall Street will be looking for positivity from WBA as it approaches its nex t earnings report date. This is expected to be March 27, 2019. On that day, WBA is projected to report earnings of $1.74 per share, which would represent year-over-year growth of 0.58%. 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.
It is also important to note the recent changes to analyst estimates for WBA. 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. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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 has moved 0.17% lower. WBA is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, WBA currently has a Forward P/E ratio of 11.04. Its industry sports an average Forward P/E of 11.04, so we one might conclude that WBA is trading at a no noticeable deviation comparatively.
It is also worth noting that WBA currently has a PEG ratio of 1.12. 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 was holding an average PEG ratio of 1.03 at yesterday's closing price.
The Retail - Pharmacies and Drug Stores industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 105, putting it in the top 42% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.