Walgreens Stock Drops Ahead of Earnings Despite Market Gains, Estimates Point to Lower Profits
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Walgreens Boots Alliance (WBA) stock fell despite market gains due to upcoming earnings.
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WBA earnings are expected to show a 15% drop in EPS from last year.
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Revenue is forecasted to increase 6.5% year-over-year.
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Analyst estimate revisions indicate short-term business outlook.
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WBA has a Zacks Rank of #5 (Strong Sell) based on downward estimate revisions.