Walgreen (NYSE: WAG ) reported earnings on June 19. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended May 31 (Q3), Walgreen met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank and GAAP earnings per share shrank.
Gross margins improved, operating margins dropped, net margins dropped.
Walgreen tallied revenue of $17.77 billion. The 10 analysts polled by S&P Capital IQ predicted sales of $17.95 billion on the same basis. GAAP reported sales were 3.4% lower than the prior-year quarter's $18.37 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.63. The 22 earnings estimates compiled by S&P Capital IQ anticipated $0.63 per share. GAAP EPS of $0.62 for Q3 were 4.6% lower than the prior-year quarter's $0.65 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 28.2%, 10 basis points better than the prior-year quarter. Operating margin was 4.9%, 40 basis points worse than the prior-year quarter. Net margin was 3.0%, 30 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $17.41 billion. On the bottom line, the average EPS estimate is $0.58.
Next year's average estimate for revenue is $71.86 billion. The average EPS estimate is $2.62.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 2,105 members out of 2,256 rating the stock outperform, and 151 members rating it underperform. Among 523 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 488 give Walgreen a green thumbs-up, and 35 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Walgreen is hold, with an average price target of $36.82.
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