Albertsons (ACI) To Report Earnings Tomorrow: Here Is What To Expect
Grocery retailer Albertsons (NYSE:ACI) will be reporting results this Tuesday before the bell. Here’s what to look for.
Albertsons beat analysts’ revenue expectations last quarter, reporting revenues of $24.94 billion, flat year on year. It was a softer quarter for the company, with full-year EBITDA guidance missing analysts’ expectations significantly and a significant miss of analysts’ EBITDA estimates.
Is Albertsons a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Albertsons’s revenue to be flat year on year, slowing from the 2% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Albertsons has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Albertsons’s peers in the non-discretionary retail segment, only Costco has reported results so far. It exceeded analysts’ revenue estimates, delivering year-on-year sales growth of 11.1%. The stock traded up 2.9% on the results.
Read our full analysis of Costco’s earnings results here.Investors in the non-discretionary retail segment have had fairly steady hands going into earnings, with share prices down 1.4% on average over the last month. Albertsons is down 3.6% during the same time and is heading into earnings with an average analyst price target of $14.19 (compared to the current share price of $12.23).
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