Walgreens Stock Sinks Despite Market Gains As Earnings Estimates Drop
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Walgreens Boots Alliance (WBA) stock sank despite market gains, lagging the S&P 500, Dow, and Nasdaq.
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WBA shares have lost 24.6% over the past month, underperforming its sector and the broader market.
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WBA is expected to report lower EPS and higher revenue for its next quarterly earnings.
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Analyst estimate revisions indicate evolving short-term trends and correlate with share price momentum.
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WBA currently has a Zacks Rank of #4 (Sell) based on downward estimate revisions.