Walgreens Likely To Report Lower Q1 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
Walgreens Boots Alliance, Inc. (NASDAQ:WBA) is expected to report lower Q1 earnings for fiscal 2024, with estimates at 63 cents per share compared to $1.16 a year ago. Revenue is projected at $34.86 billion. The company is reconsidering the sale or separation of its U.K. chain, Boots. WBA shares rose 2.1% to $26.65. Analysts have revised their ratings and price targets, with JP Morgan upgrading WBA to Overweight and a $30 target, while others maintain Hold or Neutral with lower targets.
January 03, 2024 | 3:21 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Walgreens is anticipated to report lower Q1 earnings, with a potential reconsideration of the Boots sale. Analysts have mixed views, with JP Morgan upgrading the stock, while others have lowered price targets.
The expected lower earnings could pressure the stock price, but the potential sale of Boots and the recent upgrade by JP Morgan could provide some positive sentiment. The mixed analyst ratings and price target revisions reflect uncertainty, leading to a neutral score.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100