Walgreens Boots Alliance Inc. [NASDAQ:WBA] will report earnings after markets close on Thursday, January 7th.
WBA Earnings Forecast For The Current Quarter
Walgreens Boots Alliance Inc. [WBA] is expected to report weak earnings results for the quarter ending on Nov 2020. Consensus estimates give the company expected revenues of $34.95B and an earnings per share of $1.03 for Nov 2020. Looking further ahead, the company is expected to report revenue of $36.26B at an EPS of $1.25 for Feb 2021. The estimates represent upside of 3.30% and 8.02% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
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WBA Earnings Estimates For The Current Year
For the financial year, Walgreens Boots Alliance Inc. [NASDAQ:WBA] is expected to bring in revenue of $143.59B. The returns are nearly $4.05 billion higher than the company’s actual revenue recorded in the fiscal year 2020. In terms of EPS for the 2021, estimate put it at 4.81, higher than that of FY20 by $0.07. Estimates put this year’s earnings growth at 1.50%, 7.90% for the next, and at an annual 6.99% over the next 5-year period. As for sales, forecasts are for an increase of 2.90% in the current fiscal year and a further 3.30% over the following year.
WBA Price Performance
On Wall Street, Walgreens Boots Alliance Inc. [NASDAQ:WBA] finished Tuesday’s session down -0.58% at $41.16. The stock went up to $42.04 at the same session while its lowest single day price was $40.77. In the last five days, it saw a rise of about 3.78%, Walgreens Boots Alliance Inc. shares gained by almost 3.21% since the beginning of the year. However, the share price has dropped to as low as -31.15% below its one year high. On 01/05/21, the company shares recorded $42.04, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $39.94. The company’s shares have declined by -30.93% in the past year. The 50-day SMA achieved is $39.48 while the 200-day SMA is $40.25. Volume dropped to 7.39 million from 7.7 million in the previous session.
Walgreens Boots Alliance Inc. [WBA] Valuation Measures
Notably, Walgreens Boots Alliance Inc. [WBA] stock cannot be classified as a good candidate in the listing of underestimated low-priced Pharmaceutical Retailers companies to purchase soonest possible with the prevailing 12-month PE ratio of 83.32. The measure means the stock is exchanging at a premium as compared to the 30.24x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 0.25 PS value ratio is reported for the last one year of reported earnings. That is lower than the industry average of 2.24 which means WBA serve an unattractive investment opportunity compared to its competitors.
WBA Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 40.61 level, and in case of violation of this particular level, it will cause more drop to 40.05 level. On the upper level, 42.59 is still the key resistance. The stock may increase to the subsequent resistance at 41.88. The Relative Strength Index (RSI) pinned on the 14-day chart is 56.20, implying a neutral technical stance while the MACD stands at 0.55, meaning price will decrease in the next trading period. Percent R indicator moved to 29.24%, implying bullish price movement. Stochastic %K at 58.10% suggest holding the stock.
Is Walgreens Boots Alliance Inc. [NASDAQ:WBA] a Good Buy Right Now?
It should be noted that WBA technical indicators for short, intermediate as well as long term progress have placed an overall average of 56% as Buy. The average signal changed from 24% Buy in the last week and compares with 24% Buy in the past month. Data from Walgreens Boots Alliance Inc.’s Trend Spotter indicated that the signals were Strengthening. The stock current average is 6.24 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 8.2 million shares while the medium term average advocated for Hold. The average long-term signal stands at 50% Buy and the 100-day average volume stands at 7.49 million shares.
What is the short interest in Walgreens Boots Alliance Inc.?
Short interest in the Walgreens Boots Alliance Inc. stock has plunged, decreasing by -1.02 million shares to total 16.96 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 15.94 million, data from Yahoo Finance shows. The increase of 6.01% suggests the stock saw some increased bearish sentiment. The stock’s days to cover moved to short ratio while the shorted shares account for just 2.37% of the overall float for the stock.
Walgreens Boots Alliance Inc.’s Biggest Shareholders: Who Owns Walgreens Boots Alliance Inc. [WBA]?
Filings by The Vanguard Group, Inc. showed that the firm now holds a total of 55,427,625 shares or roughly 6.40% of the outstanding WBA shares. This means their shares have reduced by -1,643,217 from the 55,427,625 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, SSgA Funds Management, Inc. updated stake is worth $1,765,363,275. Details in the latest 13F filings reveal that BlackRock Fund Advisors acquired their 2.32% stake valued at $1,328,010,408 while The Caisse de dépôt et placement cut theirs at $611,385,719. During the last quarter, BlackRock Fund Advisors raised 792,898 of its shares in Walgreens Boots Alliance Inc. while The Caisse de dépôt et placement sold -31,600 shares. The Capital Research & Management Co’s holdings currently number 15,474,486 shares at $636929843.76. According to the firm’s last 13F report, Geode Capital Management LLC shares in the company at filing stood at 11,107,845 shares, roughly $422,209,188.
What are analyst thoughts on Walgreens Boots Alliance Inc.?
Looking forward to the Walgreens Boots Alliance Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Walgreens Boots Alliance Inc. stock at $40.50 within the next 12 months, which represents almost -1.63 per cent growth from its previous closing price of $41.16. The highest analysts’ target for Walgreens Boots Alliance Inc. stock projections is $45.00 and the lowest one is $33.00. Still, 22 analysts sharing their consensus rating for WBA stock in 2021 agree that it is a Hold.