Walgreens Boots Alliance
Consumer Staples – Food & Staples Retailing
Walgreens is set to release their FQ3’18 earnings tomorrow, June 28, before the market opens. The Estimize consensus projects an EPS of $1.51, which is more bullish than Wall Street’s EPS estimate of $1.47. Furthermore, Estimize predicts Walgreens’ revenue to come in it at $33.778B, whereas Wall Street projects a revenue of $33.645B. If the Estimize consensus was to be correct, this would show a 12% year-over-year growth rate for revenue.
Investors believe that Walgreens will have promising earnings this upcoming quarter. Walgreens has seen growth in their prescription retail market, and has increased their prescription volume. Since Walgreens strategically partnered with FedEx, customers have been able to handle multiple tasks at their local Walgreens. Walgreens believes that providing a safe and secure way for people to receive deliveries and make returns will increase its success and reputation.
