Walgreens earnings tomorrow at 7am

Walgreens (WBA) Q1 November 2021 earnings are tomorrow 1/6 at 7am. Walgreens Boots Alliance (WBA) reported Q4 August 2021 earnings of $1.17 per share on revenue of $34.3 billion. Revenue fell 1.4% compared to the same quarter a year ago. The company said in its growth presentation it expects fiscal 2022 earnings of approximately $4.91 per share. The current consensus earnings estimate is $5.06 per share for the year ending August 31, 2022. The setup here leaves little space for much more of an upside move, but also WBA should meet or beat consensus estimates. So I'm neutral leaning bearish at these levels going into earnings. Here's important price levels on the 1 day chart.

Q1 Consensus:
EPS = $1.35
Revenue = $32.93B
P/E = 20.87
Div/Yld = 3.534

52 week high = $57.05
52 week low = $40.77

SMA200 = $50.25
SMA150 = $49.05
SMA100 = $48.75
SMA50 = $48.74

breakout = $54.29
R3 = $53.28
R2 = $52.28
R1 = $51.27
pivot = $50.27
S1 = $49.26
S2 = $48.26
S3 = $47.25
breakdown = $46.25

Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...

*3x lucky 7s of trading*

7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet

7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation

7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list

Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
www.tradingview.com/u/growerik/

Comment:

Earnings beat! Walgreens Boots Alliance (WBA) reported Q1 November 2021 earnings of $1.68 per share. The company said it now expects fiscal 2022 earnings growth in the low-single digits, or earnings of approximately $5.03 per share.