Walgreens Likely To Report Lower Q4 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Walgreens Boots Alliance, Inc. (NASDAQ:WBA) is expected to report lower Q4 earnings at 69 cents per share, down from 80 cents per share a year ago. The company's revenue is projected to be $34.82 billion, up from $32.45 billion in the same period last year. Several analysts have recently adjusted their price targets for the company, with most maintaining a neutral rating.
October 09, 2023 | 1:14 pm
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Walgreens is expected to report lower Q4 earnings, which could negatively impact its stock price. However, the projected increase in revenue might offset this impact. Analysts' recent adjustments to their price targets and neutral ratings also suggest uncertainty about the company's short-term performance.
The expected decrease in earnings could lead to a negative sentiment among investors, potentially driving the stock price down. However, the projected increase in revenue might mitigate this impact. The recent adjustments to price targets and neutral ratings by analysts indicate uncertainty about the company's short-term performance, which could lead to volatility in the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100