Walgreens cuts profit view, to shut more stores on spending hit
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TD Cowen on Walgreens Boosts Alliance (WBA): 'continued challenges in retail pharmacy'
June 27, 2024 8:51 AM EDTTD Cowen analyst Charles Rhyee reiterated a Buy rating and $35.00 price target on Walgreens Boosts Alliance (NASDAQ: WBA).
The analyst comments "F3Q adj EPS $0.63 missed cons $0.69. WBA narrowed FY24 guide to $2.80-$2.95 (from $3.20-$3.35), which assumes continued challenges in retail pharmacy.... More
RBC Capital on Walgreens (WBA): 'ongoing consumer weakness and pressure on pharmacy margin'
June 27, 2024 8:28 AM EDTRBC Capital analyst Anton Hie reiterated a Sector Perform rating and $22.00 price target on Walgreens Boosts Alliance (NASDAQ: WBA).
The analyst comments "WBA posted fiscal 3Q24 earnings slightly below expectations driven by ongoing consumer weakness and pressure on pharmacy margin, partially offset by another quarter of good International performance and positive EBITDA contribution from U.S. Healthcare. Management lowered its adjusted EPS guidance by $0.40 at the midpoint, or -12%... More
Walgreens shares dive after guidance cut, stores closure plans
June 27, 2024 7:34 AM EDTWalgreens Boots Alliance (NASDAQ: WBA) saw its shares tumble 10% in premarket trading Thursday after the retail pharmacy chain reported worse-than-expected Q3 earnings and reduced its full-year guidance.
The company posted Q3 earnings per share (EPS) of $0.63, falling short of the consensus estimate of $0.71. Revenue came in at $36.4 billion, slightly above the estimated $36... More
