Share to Twitter Share to Linkedin Walgreens Boots Alliance (NASDAQ: WBA) is scheduled to report its fiscal Q2 2023 results on Tuesday, March 28. We expect the company to post revenue and earnings slightly below the street expectations, partly due to fewer Covid-19 vaccine administrations vs. the prior year quarter. That said, the company expects strong growth for its international business in Q2. Although we expect the company to post a downbeat Q2, we believe its stock has more room for growth, as discussed below. Our interactive dashboard analysis on Walgreens Earnings Preview has additional details (1) Revenues expected to be below the consensus estimates Trefis estimates Walgreens’ Q2 2023 revenues to be around $33.2 billion, slightly below the $33.4 billion consensus estimate. This compares with the $33.8 billion revenue the company garnered in the prior-year quarter. The company should benefit from growth in the international … [Read more...] about What To Expect From Walgreens’ Q2?
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Major Automaker Expects It Will Hemorrhage Billions From Its Electric Vehicle Business
Ford expects to lose $3 billion on its electric vehicle department this year, the company announced Thursday. The company will be reorganizing its financial reporting into three distinct branches, Ford Blue, Ford Model e and Ford Pro, which will develop gas-powered, electric and commercial vehicles respectively, according to a press release. In the three years starting 2021, Ford Model e is expected to report a $3 billion loss. (RELATED: ‘Sustainable’ Electric Cars Are Getting Junked Over Minor Damage) “We’ve essentially ‘refounded’ Ford, with business segments that provide new degrees of strategic clarity, insight and accountability to the Ford+ plan for growth and value,” CFO John Lawler said. “It’s not only about changing how we report financial results; we’re transforming how we think, make decisions and run the company, and allocate capital for highest returns.” Ford’s new structure and way of reporting earnings gives new insight into its EV business (which CFO … [Read more...] about Major Automaker Expects It Will Hemorrhage Billions From Its Electric Vehicle Business
Is Biomass A Friend Or Foe Of The Environment?
Share to Twitter Share to Linkedin When it comes to issues around sustainability and energy, there are few subjects less controversial than biomass. Often hailed as a lower carbon option for heating or generating electricity, biomass involves the burning of wood pellets, chips or logs. Its proponents argue that biomass has a key role to play in the road to net zero, using wood that is unsuitable for other products and would otherwise go to waste. But critics have pointed out that biomass still involves burning natural materials, which can pollute the atmosphere. The campaigning group Cut Carbon Not Forest recently published a new survey, which shows 73% of respondents are concerned that burning trees in power stations could be making air pollution worse and harming people's health. The survey also found almost two thirds of those surveyed (64%) agree that it is misleading to call biomass green. And only 3.4% believed burning wood from other … [Read more...] about Is Biomass A Friend Or Foe Of The Environment?