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Albertsons Companies, Inc. (ACI) Gains As Market Dips: What You Should Know
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In the latest trading session, Albertsons Companies, Inc. (ACI - Free Report) closed at $29.96, marking a +1.66% move from the previous day. This change outpaced the S&P 500's 2.91% loss on the day. Elsewhere, the Dow lost 2.73%, while the tech-heavy Nasdaq lost 0.25%.
Prior to today's trading, shares of the company had lost 1.67% over the past month. This has was narrower than the Consumer Staples sector's loss of 2.55% and lagged the S&P 500's gain of 0.84% in that time.
Wall Street will be looking for positivity from Albertsons Companies, Inc. as it approaches its next earnings report date. The company is expected to report EPS of $0.89, unchanged from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $22.6 billion, up 6.25% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.83 per share and revenue of $74.28 billion. These totals would mark changes of -7.82% and +3.32%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Albertsons Companies, Inc.These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Albertsons Companies, Inc. is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, Albertsons Companies, Inc. currently has a Forward P/E ratio of 10.41. This represents a discount compared to its industry's average Forward P/E of 14.5.
Also, we should mention that ACI has a PEG ratio of 1.7. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Consumer Products - Staples stocks are, on average, holding a PEG ratio of 1.69 based on yesterday's closing prices.
The Consumer Products - Staples industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 223, putting it in the bottom 12% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Albertsons Companies, Inc. (ACI) Gains As Market Dips: What You Should Know
In the latest trading session, Albertsons Companies, Inc. (ACI - Free Report) closed at $29.96, marking a +1.66% move from the previous day. This change outpaced the S&P 500's 2.91% loss on the day. Elsewhere, the Dow lost 2.73%, while the tech-heavy Nasdaq lost 0.25%.
Prior to today's trading, shares of the company had lost 1.67% over the past month. This has was narrower than the Consumer Staples sector's loss of 2.55% and lagged the S&P 500's gain of 0.84% in that time.
Wall Street will be looking for positivity from Albertsons Companies, Inc. as it approaches its next earnings report date. The company is expected to report EPS of $0.89, unchanged from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $22.6 billion, up 6.25% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.83 per share and revenue of $74.28 billion. These totals would mark changes of -7.82% and +3.32%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Albertsons Companies, Inc.These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Albertsons Companies, Inc. is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, Albertsons Companies, Inc. currently has a Forward P/E ratio of 10.41. This represents a discount compared to its industry's average Forward P/E of 14.5.
Also, we should mention that ACI has a PEG ratio of 1.7. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Consumer Products - Staples stocks are, on average, holding a PEG ratio of 1.69 based on yesterday's closing prices.
The Consumer Products - Staples industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 223, putting it in the bottom 12% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.