68.10 +0.10 (0.15%)
Pre-Market: 8:31AM EDT
|Bid||68.05 x 3200|
|Ask||68.45 x 900|
|Day's Range||65.63 - 68.25|
|52 Week Range||61.56 - 83.89|
|PE Ratio (TTM)||17.05|
|Earnings Date||Jun 28, 2018|
|Forward Dividend & Yield||1.60 (2.43%)|
|1y Target Est||80.83|
Walgreens is replacing GE in the Dow, ending the industrial giant’s 111-year run. Yahoo Finance’s Seana Smith, Rick Newman, Myles Udland and Dan Roberts discuss why this is significant and how GE might perform after leaving the index.
Can Walgreens Exceed Analyst Expectations for Fiscal Q3 2018? The company is rated a 2.3 on a scale where one is a “strong buy” and five is a “strong sell.” It was rated a 2.0 at the end of June 2017. In comparison, CVS Health has a slightly better rating of 2.0, while Rite Aid (RAD) has a rating of 3.0.
Can Walgreens Exceed Analyst Expectations for Fiscal Q3 2018? Walgreens Boots Alliance (WBA) is currently trading at a one-year forward earnings multiple of 11x as of June 20. Walgreens’s close competitor CVS Health (CVS) is also trading at similar valuations.
Can Walgreens Exceed Analyst Expectations for Fiscal Q3 2018? Walgreens stock has witnessed high levels of volatility over the past year. The pharmacy giant, which is currently trading at $68 as of June 20, has been in the range of $61.56 and $83.89 over the last-12-month period.
Walgreens Boots Alliance’s (WBA) stock gained 5.2% yesterday after the S&P Dow Jones Indexes announced that Walgreens would replace General Electric (GE) in the Dow Jones Industrial Average Index starting June 26. The news reduced Walgreens’s YTD losses from 11% to just about 6%.
Wall Street has projected an 11.3% YoY (year-over-year) jump in Walgreens Boots Alliance’s (WBA) earnings per share to $1.48 for the third quarter of 2018. The pharmacy giant has not missed Wall Street expectations in the last 15 quarters. For full fiscal 2018, the company’s EPS (or earnings per share) are anticipated to see a ~17% YoY improvement to $5.96, which is above the midpoint of the management’s guidance range of $5.85 to $6.05 for the year.
Can Walgreens Exceed Analyst Expectations for Fiscal Q3 2018? What to expect from Walgreens’s third quarter? Walgreens Boots Alliance (WBA) is expected to post another strong quarter when it reports results on June 28.
Can Walgreens Exceed Analyst Expectations for Fiscal Q3 2018? Walgreens Boots Alliance (WBA) is slated to release its financial results for Q3 2018 on Thursday, June 28. Wall Street expects Walgreens’s sales to rise 13.6% YoY (year-over-year) to $34.2 billion during the quarter.
The Zacks Analyst Blog Highlights: Schlumberger, Walgreens Boots, BNY Mellon, Stryker and Duke Energy
The Dow Jones Industrial Average has ejected numerous blue-chip industrial companies over the past decade, including miner Alcoa Inc., Westinghouse Electric Corp. and this week General Electric Co., in an effort to adapt a 19th-century index to a 21st-century economy. Critics also contend the index’s selection committee has been removing troubled companies to avoid undermining the average’s long-term performance. “Honestly, I didn’t like the move,” Robert Pavlik, senior portfolio manager and chief investment strategist at SlateStone Wealth, said of the decision to drop GE.
The S&P 500 ended a three-session streak of declines, buoyed by gains in shares of real-estate firms, and the tech-heavy Nasdaq Composite closed at a fresh record. “Our base case is this gets walked back…but it’s getting more serious now,” said Tim Courtney, chief investment officer at Exencial Wealth Advisors. The S&P 500 added 4.73 points, or 0.2%, to 2767.32.
Meanwhile South Korea and Taiwan, despite appearances to the contrary, are still in the process of emerging and have not yet emerged into the world as developed markets. You can find the official press release, laying out MSCI’s reasons for reclassifying countries, here.
Wall Street also was processing comments from Federal Reserve Chairman Jerome Powell, who said at a European Central Bank conference in Portugal that the central bank was likely to gradually increase interest rates. While folks were fixated on trade wars and tariffs, the newly minted chair of the Federal Trade Commission, Joseph Simons, gave his first press briefing since taking office. While acknowledging to The Deal's David Hatch that many of the mechanisms to review these businesses and their anticompetitive practices or lack thereof, there may need to be new regulations implemented to help the agency deal with the lot of massive tech companies.
Why was GE kicked out of the Dow, and why was Walgreens the company to replace it? @SarahPonczek explains for #tictocnews https://bloom.bg/2tep5ga (Source: Bloomberg)