Wall Street analysts expect Albertsons Companies, Inc. (ACI) to post quarterly earnings of $0.33 per share in its upcoming report, which indicates a year-over-year decline of 25%. Revenues are expected to be $18.83 billion, down 0.5% from the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision 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.
In light of this perspective, let's dive into the average estimates of certain Albertsons Companies metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts expect 'Revenues- Fuel' to come in at $985.50 million. The estimate indicates a change of +8.1% from the prior-year quarter.
Analysts' assessment points toward 'Number of stores at end of quarter' reaching 2,238 . The estimate is in contrast to the year-ago figure of 2,257 .
The consensus estimate for 'Total Square Footage - Retail Square Feet' stands at 111.73 million. The estimate compares to the year-ago value of 112.50 million.
View all Key Company Metrics for Albertsons Companies here>>>Shares of Albertsons Companies have demonstrated returns of -0.9% over the past month compared to the Zacks S&P 500 composite's +1.4% change. With a Zacks Rank #3 (Hold), ACI is expected to mirror the overall market performance in the near future. 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 Report
This article originally published on Zacks Investment Research (zacks.com).