Walgreens Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Walgreens Boots Alliance, Inc. (NASDAQ:WBA) is set to release its Q4 earnings on Oct. 15, with expected earnings of 36 cents per share, down from 67 cents a year ago. Revenue is projected at $35.75 billion, slightly up from $35.42 billion last year. Analysts have recently lowered their price targets for WBA, with Morgan Stanley setting a target of $7, down from $9.
October 15, 2024 | 7:59 am
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Walgreens Boots Alliance is expected to report lower earnings per share for Q4 compared to last year, with a slight increase in revenue. Analysts have lowered their price targets, indicating a bearish outlook.
The expected drop in earnings per share and the series of lowered price targets from multiple analysts suggest a negative short-term outlook for Walgreens. The consistent bearish sentiment from analysts with high accuracy rates further supports this view.
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