Walgreens Boots Alliance (WBA) Stock Climbs Ahead of Q3 Earnings
NEW YORK (TheStreet) -- Shares of Walgreens Boots Alliance (WBA) - Get Report are up 0.55% to $83.52 in early-afternoon trading on Tuesday, as analysts expect the company to report a year-over-year increase in both earnings and revenue for the third quarter before tomorrow's market open.
The Deerfield, IL-based pharmaceutical company is expected to report adjusted earnings of $1.14 per share on revenue of $29.7 billion, according to analysts surveyed by Thomson Reuters.
Last year Walgreens reported adjusted earnings of $1.02 per share on revenue of $28.8 billion for the 2015 third quarter.
"All I care about with Walgreens is the closing of the Rite Aid (RAD) deal," TheStreet's Jim Cramer said in a video last week. "Let's get that deal done or let's walk away and use the cash to buy back stock. Either way is better than limbo."
The deal is expected to close in the second half of this year, Walgreens said in a statement in October.
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Separately, TheStreet Ratings team rates the stock as a "buy" with a ratings score of A-.
Walgreens Boots Alliance's strengths such as its revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel its strengths outweigh the fact that the company has had sub par growth in net income.
You can view the full analysis from the report here: WBA
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.