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SpartanNash (SPTN) to Report Q1 Earnings: What's in Store?
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SpartanNash Company (SPTN - Free Report) is likely to register a decline in the top and bottom line when it reports first-quarter 2021 results on Jun 2, 2021, after the closing bell. The Zacks Consensus Estimate for revenues is pegged at $2,721 million, indicating a decrease of about 5% from the prior-year quarter’s reported figure.
Further, the bottom line of this distributor and retailer of grocery products is expected to decline from the year-ago quarter’s reported number. We note that the Zacks Consensus Estimate for the March-quarter’s earnings has been stable at 55 cents over the past 30 days. The figure suggests a plunge of nearly 18% from 67 cents per share reported in the year-ago period.
In the last reported quarter, this Michigan-based company’s bottom line missed the Zacks Consensus Estimate by 6.5%. However, the company has a trailing four-quarter earnings surprise of 25.1%, on average.
Factors to Note
Any deleverage in operating expenses is likely to show on the company’s bottom-line performance in the upcoming quarterly release. Apparently, the company has been witnessing steep operating costs for a while now. Higher incentive compensation, greater mix of Retail segment sales and elevated supply-chain expenses in the Food Distribution unit are persistently flaring up costs.
In addition, the COVID-challenges cannot be overlooked. In fact, the impact of domestic base access and commissary shopping restrictions with respect to the coronavirus has been partly hurting the company’s Military segment for a while now. Management on its last earnings call stated that the pandemic-related uncertainty and market mayhem are likely to have dampened its 2021 performance. Consequently, it had then projected the Retail segment comparable sales to decrease 7-9% for the first quarter. Within the company’s Military business, management had anticipated a relentless decline in the Defense Commissary Agency comparable sales trends.
On the flip side, SpartanNash has been focusing on streamlining its operations and making strategic investments including expansion of capabilities across its supply chain and distribution centers.
What the Zacks Model Unveils
Our proven model doesn’t conclusively predict an earnings beat for SpartanNash this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Dave & Buster's Entertainment (PLAY - Free Report) has an Earnings ESP of +107.90% and a Zacks Rank of 3 at present.
Domino's Pizza (DPZ - Free Report) has an Earnings ESP of +0.38% and is presently Zacks #3 Ranked.
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After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could be a still greater bonanza for investors. Even before the latest wave of legalization, Zacks Investment Research has recommended pot stocks that have shot up as high as +285.9%
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SpartanNash (SPTN) to Report Q1 Earnings: What's in Store?
SpartanNash Company (SPTN - Free Report) is likely to register a decline in the top and bottom line when it reports first-quarter 2021 results on Jun 2, 2021, after the closing bell. The Zacks Consensus Estimate for revenues is pegged at $2,721 million, indicating a decrease of about 5% from the prior-year quarter’s reported figure.
Further, the bottom line of this distributor and retailer of grocery products is expected to decline from the year-ago quarter’s reported number. We note that the Zacks Consensus Estimate for the March-quarter’s earnings has been stable at 55 cents over the past 30 days. The figure suggests a plunge of nearly 18% from 67 cents per share reported in the year-ago period.
In the last reported quarter, this Michigan-based company’s bottom line missed the Zacks Consensus Estimate by 6.5%. However, the company has a trailing four-quarter earnings surprise of 25.1%, on average.
Factors to Note
Any deleverage in operating expenses is likely to show on the company’s bottom-line performance in the upcoming quarterly release. Apparently, the company has been witnessing steep operating costs for a while now. Higher incentive compensation, greater mix of Retail segment sales and elevated supply-chain expenses in the Food Distribution unit are persistently flaring up costs.
In addition, the COVID-challenges cannot be overlooked. In fact, the impact of domestic base access and commissary shopping restrictions with respect to the coronavirus has been partly hurting the company’s Military segment for a while now. Management on its last earnings call stated that the pandemic-related uncertainty and market mayhem are likely to have dampened its 2021 performance. Consequently, it had then projected the Retail segment comparable sales to decrease 7-9% for the first quarter. Within the company’s Military business, management had anticipated a relentless decline in the Defense Commissary Agency comparable sales trends.
On the flip side, SpartanNash has been focusing on streamlining its operations and making strategic investments including expansion of capabilities across its supply chain and distribution centers.
What the Zacks Model Unveils
Our proven model doesn’t conclusively predict an earnings beat for SpartanNash this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
SpartanNash Company Price and EPS Surprise
SpartanNash Company price-eps-surprise | SpartanNash Company Quote
Although SpartanNash has a Zacks Rank #3, its Earnings ESP of 0.00% makes surprise prediction difficult.
Stocks With Favorable Combination
Here are some companies you may want to consider as our model shows that these have the right combination of elements to beat on earnings:
Signet (SIG - Free Report) currently has an Earnings ESP of +2.84% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Dave & Buster's Entertainment (PLAY - Free Report) has an Earnings ESP of +107.90% and a Zacks Rank of 3 at present.
Domino's Pizza (DPZ - Free Report) has an Earnings ESP of +0.38% and is presently Zacks #3 Ranked.
Time to Invest in Legal Marijuana
If you’re looking for big gains, there couldn’t be a better time to get in on a young industry primed to skyrocket from $17.7 billion back in 2019 to an expected $73.6 billion by 2027.
After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could be a still greater bonanza for investors. Even before the latest wave of legalization, Zacks Investment Research has recommended pot stocks that have shot up as high as +285.9%
You’re invited to check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.
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