Wall Street analysts forecast that Albertsons Companies, Inc. (ACI) will report quarterly earnings of $0.67 per share in its upcoming release, pointing to a year-over-year decline of 5.6%. It is anticipated that revenues will amount to $19.16 billion, exhibiting an increase of 2.1% compared to the year-ago quarter.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Given this perspective, it's time to examine the average forecasts of specific Albertsons Companies metrics that are routinely monitored and predicted by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Revenues- Fuel' of $885.20 million.
The combined assessment of analysts suggests that 'Number of stores at end of quarter' will likely reach 2,258 . Compared to the present estimate, the company reported 2,273 in the same quarter last year.
The average prediction of analysts places 'Total Square Footage - Retail Square Feet' at 112.52 million. Compared to the current estimate, the company reported 113.20 million in the same quarter of the previous year.
View all Key Company Metrics for Albertsons Companies here>>>
Albertsons Companies shares have witnessed a change of -3.4% in the past month, in contrast to the Zacks S&P 500 composite's +0.8% move. With a Zacks Rank #3 (Hold), ACI is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Albertsons Companies, Inc. (ACI): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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