Earnings Preview: Walgreen Reports Results Wednesday

| About: Walgreens Boots (WBA)

Walgreen Company (WAG) will release its fiscal 2012 first quarter earnings results at 7:30 a.m. Eastern time Wednesday, December 21, 2011, followed by a conference call with Walgreens management beginning at 8:30 a.m. Eastern time.

WAG trades an average of 7.8 million shares per day.

52-Week High: $45.34
52-Week Low: $30.34
Book Value: $16.70
Float Short: 2.30%

Analysts are expecting an improvement of $0.10 in earnings per share compared to last quarter's results of $0.57. Investors will be looking to top $0.67 per share, based on the estimated mean earnings. Analyst estimates range between $0.63 and $0.70 per share.

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Revenue year-over-year has increased to $72.18 billion for 2011 vs. $67.42 billion for 2010. The bottom line has rising earnings year-over-year of $2.71 billion for 2011 vs. $2.09 billion for 2010.The company's earnings before interest and taxes are rising, with an EBIT year-over-year of $4.37 billion for 2011 vs. $3.46 billion for 2010. Rising revenue along with rising earnings is a very good sign, and what we want to see with our companies. Be sure to check the margins to make sure that the bottom line is keeping up with the top line.

Here is a look at the fiscal year revenue:

paid2trade.com revenue gross bar chart for WAG

Gross reported revenue compared to the mean estimate (rounded):

Fiscal Quarter Ending Month-Year Revenue Estimates Actual $ Difference Difference %
Aug-11 $ 17.91 B $ 17.97 B $ 55.50 M 0.31%
May-11 $ 18.36 B $ 18.37 B $ 13.90 M 0.08%
Feb-11 $ 18.39 B $ 18.50 B $ 108.40 M 0.59%
Nov-10 $ 17.32 B $ 17.34 B $ 23.60 M 0.14%
Aug-10 $ 16.83 B $ 16.87 B $ 42.40 M 0.25%

M = millions, B = billions.
Differences are rounded.
Some one-time items are often excluded in reported EPS.

paid2trade.com Quarterly Estimates And Actual EPS results WAG

Reported earnings per share compared to the mean estimate. Differences are rounded.

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I use a proprietary blend of technical analysis, financial crowd behavior, and fundamentals in my short-term trades, and while not totally the same in longer swing trades to investments, the concepts used are similar. You may want to use this article as a starting point of your own research with your financial planner. I use Seeking Alpha, Edgar Online, and Yahoo Finance for most of my data. I use the confirmed symbols from earnings.com that I believe to be of the most interest.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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