WBA Earnings Review. WBA Complete Guide

Earnings Report

Walgreens Boots Alliance reported earnings this morning. They failed to meet expectations on earnings, revenue, and lowered guidance. The stock opened down about 13%

They reported adjusted earnings of $1.64 vs expectations of $1.72 per share. Revenue came in at $34.53 Billion vs. $34.56 expectations. WBA also lowered guidance from 7-12 % growth to flat.

WBA Earnings: Stock Valuation

The valuation is compelling in WBA. Even with the miss in earnings and revenue WBA is cheap. The current price of $56 gives a trailing P/E ratio of just over 10. This valuation is significantly below the market and below the normal P/E range of Walgreens Boots Alliance.

WBA Earnings Report Opinion

I believe that WBA below $60 provides a good value for long term investors. Technically, while WBA opened below support at $60 if it fails to hold below that level it becomes interesting and will be a stock to watch in the short term.

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