WBA - Walgreens Post-Earnings: Jury's Still Out Still A Lot Of Questions
2024-04-01 07:10:00 ET
Summary
- The unambiguous positive for Walgreens after the Thursday 3/28/24 earnings report: forward estimate revisions for WBA remain positive.
- Cash flow and free cash flow are scheduled to improve over the next few quarters but I wish the team would have given some guidance.
- The stock price action was positive on Thursday, March 29th, as the stock ended 3% higher on 2.5x average volume. That’s a plus, but current shareholders should still keep that 52-week low and $19 stop loss in mind.
No question Tim Wentworth, Walgreens' ( WBA ) new CEO is moving quickly to dispose of some of the assets that have found themselves attached to Walgreens since Stefano Pessina and Roz Brewer were in charge. WBA’s stock price action on Thursday was a positive....
Walgreens Post-Earnings: Jury's Still Out, Still A Lot Of Questions