Published on 18 Jan 2022 on Zacks via Yahoo Finance

Here's Why You Should Hold on to Walgreens Boots (WBA) for Now

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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%.

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