The drugstore chain firm, Walgreen Company (NYSE:WAG) saws optimistic surroundings on which it is aims to post its first quarter results on Friday. Analysts anticipate a profit of 72 cents per share, a surge from 58 cents per share a year before.
According to earnings estimations provided by Zacks, the consensus anticipates for over the past three months has plunged from 77 cents. And analysts are forecasting earnings of $3.55 per share for the fiscal year. Revenue is anticipated to be $18.36B for the quarter, 6 percent improved than the year-before total of $17.32B. The revenue is anticipated to roll in at $75.64B for the year.
While in the last four quarters, the firm has an average of 15 percent year-over-year growth in income. The largest increase came in the most recent quarter, with income growing 59 percent from the year-before quarter.
Over the previous Q4, the firm’s revenue surged by an average of 1 percent year-over-year. The leading growth was in the most current quarter, at what time revenue moved up 4 percent year-over-year.
The 60% of analysts rate Walgreen as a “Buy.” That percentage is motionless below the mean analyst rating of nine comparable companies, which average 63 percent buys.
Walgreen Company (NYSE:WAG) stock in last session held volume of 6.12 million shares as compare to its average volume of 5.16 million shares. The stock after opening at $57.17 hit high price of $57.23 and then closed at $56.94 by dropping -0.70%.
As the revenue measures, firm has generated revenue of 72.22 billion in the following twelve months income of $2.45 billion. The Company showed a positive 3.40% in the net profit margin and in addition to in its operating margin which remained 5.10%. Company’s annual sales growth for the past five year was 4.10%.
Leave a Reply