N@N

Why Walgreens Is the Best S&P 500 Stock After Earnings

The article from Kiplinger discusses why Walgreens Boots Alliance (WBA) could be considered one of the best S&P 500 stocks following its recent earnings report. Despite a challenging retail environment, Walgreens reported earnings that beat expectations, with adjusted earnings per share of $1.16 against the consensus estimate of $1.10. The company's revenue also exceeded forecasts, coming in at $35.42 billion compared to the expected $34.24 billion. Key points include Walgreens' strategic moves towards healthcare services, such as expanding its VillageMD primary care clinics, which are expected to drive future growth. The stock's low valuation, with a forward price-to-earnings ratio of about 7.5, makes it attractive to value investors. Additionally, Walgreens has a robust dividend yield of 4.6%, appealing to income-focused investors. The article suggests that despite short-term headwinds like reduced demand for COVID-19 services, the long-term outlook for Walgreens is positive due to its transformation into a healthcare-focused entity, potentially offering significant upside for investors.

Read the Full Kiplinger Article at:
[ https://www.kiplinger.com/investing/stocks/why-walgreens-wba-is-the-best-s-and-p-500-stock-after-earnings ]