Walgreens Boots Alliance (WBA) Stock Down Ahead of Q3 Earnings
NEW YORK (TheStreet) -- Walgreens Boots Alliance (WBA) - Get Report stock is declining 1.15% to $83.14 in afternoon trading on Friday ahead of the retail pharmacy chain's fiscal 2016 third quarter financial report, due out on Wednesday before the opening bell.
The Deerfield, IL-based company is expected to deliver a year-over-year increase in earnings per share and revenue.
Wall Street is anticipating earnings of $1.14 per share on revenue of $29.7 billion for the latest quarter, compared with earnings of $1.02 per share on revenue of $28.8 billion for the same quarter last year.
The quarterly results will be the first since the second phase of the Walgreens and Alliance Boots merger was completed, making it the first report to include comparable results after the companies merged, Barclays analysts wrote in a recent note.
"As such, we expect WBA's results will be scrutinized for indications of the magnitude of reimbursement pressures and cost savings," analysts added.
(Walgreens Boots Alliance is held in Jim Cramer's charitable trust Action Alerts PLUS. See all of his holdings with a free trial.)
Separately, Walgreens Boots Alliance has a "buy" rating and a letter grade of A- at TheStreet Ratings because of the company's revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and notable return on equity.
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.