Published on 18 Jan 2022 on Zacks via Yahoo Finance
Here's Why You Should Hold on to Walgreens Boots (WBA) for Now
Walgreens Boots Alliance, Inc. WBA is gaining from strong growth in the International segment, aided by the formation of the company's joint venture in Germany. The company exited first-quarter fiscal 2022 with better-than-expected results. However, pressure on margins and stiff competition do not bode well.
Over the past year, the Zacks Rank #3 (Hold) stock has gained 12.8% versus 30.4% growth of the industry and 23.5% rise of the S&P 500.
The renowned pharmacy-led health and beauty retail company has a market capitalization of $46.88 billion. Its earnings for first-quarter fiscal 2022 surpassed the Zacks Consensus Estimate by 24.4%.