Earnings Preview: Walgreens Boots Alliance

Walgreens Boots Alliance WBA is set to give its latest quarterly earnings report on Thursday, 2023-10-12. Here's what investors need to know before the announcement.

Analysts estimate that Walgreens Boots Alliance will report an earnings per share (EPS) of $0.69.

Walgreens Boots Alliance bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

Last quarter the company missed EPS by $0.07, which was followed by a 1.54% increase in the share price the next day.

Here's a look at Walgreens Boots Alliance's past performance and the resulting price change:

Stock Performance

Shares of Walgreens Boots Alliance were trading at $22.38 as of October 10. Over the last 52-week period, shares are down 32.79%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release.

To track all earnings releases for Walgreens Boots Alliance visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.